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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Journal ArticleDOI
An analysis of indirect tax reform in Ireland in the 1980s
TL;DR: This paper examined the sensitivity of optimal tax rates to assumptions regarding separability and the availability of optimal demogrants, and examined the welfare implications of a move to uniform taxation in the UK and Canada.
Journal ArticleDOI
An Initial Exploration of a Lacunarity-Based Segregation Measure
X. Ben Wu,Daniel Z. Sui +1 more
TL;DR: The feasiblity of a multiscale, lacunarity-based segregation measure is explored and initial simulation results show that Lacunarity is an effective measure that can capture multiple dimensions of segregation patterns at multiple scales.
Book ChapterDOI
Labour Supply models
Rolf Aaberge,Ugo Colombino +1 more
TL;DR: O'Donoghue et al. as discussed by the authors provide a detailed discussion in relation to the development of the field of labour supply focused microsimulation models and methodological choices, and describe approaches to utilising these models for policy simulation in terms of producing and interpreting simulation outcomes, outlining an extensive literature of policy analyses utilizing the approach.
Journal ArticleDOI
Measuring the social importance of concentration or dispersion of individual health benefits
TL;DR: This paper proposes a social welfare function that generalises the functions traditionally used in the health economic literature and observes that this generalisation provides a suitable approximation to the sampled social preferences.
Journal ArticleDOI
Linking CGE and Microsimulation Models: A Comparison of Different Approaches
TL;DR: In this article, the authors describe in detail how to build linked CGE-microsimulation models (using fictitious data) following three main approaches: one in accordance with the fully integrated approach and the other two according to the layered approach.
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.
Journal ArticleDOI
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.
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.