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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On Analyzing the World Distribution of Income
TL;DR: In this article, a new measure that allows poverty and inequality to be considered in the same framework, incorporates different approaches to measuring inequality, and allows varied expressions of the cost of inequality.
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Convergence empirics across economies with (some) capital mobility
TL;DR: This paper used a model of growth and imperfect capital mobility across multiple economies to characterize the dynamics of (cross-country) income distributions, and revealed, where appropriate, polarization and clumping within subgroups.
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A note on the calculation and interpretation of the Gini index
Robert I. Lerman,Shlomo Yitzhaki +1 more
TL;DR: This paper derived a convenient way to calculate the Gini coefficient using the covariance, which improves on accuracy since, unlike other approaches, it requires no aggregation, and they also point out some intuitive ways of interpreting the gini coefficient.
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Generalized gini inequality indices
John A. Weymark,John A. Weymark +1 more
TL;DR: It is shown that when incomes are ranked in descending order the social-evaluation function corresponding to the Gini relative inequality index can be written as a linear function with the weights being the even numbers in increasing order and the weights to be an arbitrary non-decreasing sequence of numbers.
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Equivalence scale relativities and the extent of inequality and poverty
TL;DR: The authors analyzed how the choice of equivalence scale affects inequality and poverty measures, and showed that there is a systematic relationship between equivalence scales generosity and the extent of inequality and income inequality.
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
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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.
Journal ArticleDOI
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.