Journal ArticleDOI
On the Measurement of Inequality
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In this paper, the problem of comparing two frequency distributions f(u) of an attribute y which for convenience I shall refer to as income is defined as a risk in the theory of decision-making under uncertainty.About:
This article is published in Journal of Economic Theory.The article was published on 1970-09-01. It has received 5002 citations till now. The article focuses on the topics: Income inequality metrics & Income distribution.read more
Citations
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Sequential stochastic dominance and the robustness of poverty orderings
Jean-Yves Duclos,Paul Makdissi +1 more
TL;DR: The authors developed easily-checked sequential stochastic dominance conditions that extend well-known results to any order of dominance, to the choice of individual versus family based aggregation, and to the estimation of critical sets of measurement assumptions.
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Persistent Poverty and Excess Inequality: Latin America, 1970-1995
Juan Luis Londoño,Miguel Székely +1 more
TL;DR: The authors assess the changes in poverty and inequality that have taken place in Latin America and the Caribbean from 1970 to 1995, with special emphasis on the 1990s, and produce aggregate indicators for the whole region.
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Welfare comparisons with bounded equivalence scales
TL;DR: The paper considers the problem of comparing income distributions for heterogeneous populations and finds an implementable condition of dominance which allows to rank more distributions than the Bourguignon criteria (1989).
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Social welfare and equality
Bhaskar Dutta,Joan Esteban +1 more
TL;DR: In this paper, a unified framework within which normatively significant equality indices can be derived from social welfare orderings is provided, and a functional representation of the class of social evaluation functions generating relative equality indices is provided.
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A k-generalized statistical mechanics approach to income analysis
TL;DR: In this paper, a new distribution function, having its roots in the framework of k-generalized statistics, is derived that is particularly suitable to describe the whole spectrum of incomes, from the low-middle income region up to the high-income Pareto power-law regime.
References
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Journal ArticleDOI
Risk Aversion in the Small and in the Large
TL;DR: In this article, a measure of risk aversion in the small, the risk premium or insurance premium for an arbitrary risk, and a natural concept of decreasing risk aversion are discussed and related to one another.
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Aspects of the theory of risk-bearing
Journal ArticleDOI
The Measurement of the Inequality of Incomes
TL;DR: JSTOR as discussed by the authors is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship, which is used to preserve their work and the materials they rely upon, and to build a common research platform that promotes the discovery and use of these resources.
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The Efficiency Analysis of Choices Involving Risk
Giora Hanoch,Haim Levy +1 more
TL;DR: In this paper, an analysis of the first step of the decision-making process of an individual decision maker among alternative risky ventures is presented, in terms of a single dimension such as money, both for the utility functions and for the probability distributions.