Journal ArticleDOI
On the Measurement of Inequality
TLDR
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
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What do normative indices of multidimensional inequality really measure
TL;DR: In this article, the authors argue that normative indices of multidimensional inequality do not only measure a distribution's extent of inequity, but also its extent of inefficiency (i.e., the nonrealized mutually beneficial exchanges of goods).
Journal ArticleDOI
A computable general equilibrium model of energy, economy and equity interactions in Pakistan
TL;DR: In this article, a computable general equilibrium model of the Pakistan economy is introduced to carry out policy oriented short-term studies especially for the energy sector and an illustrative application of the model shows its capability to provide detailed information which are useful in analysis of a policy issue.
Posted Content
Inequality and Social Welfare
Quentin Wodon,Shlomo Yitzhaki +1 more
TL;DR: A review of the literature on inequality and social welfare, with a special focus on the Gini index, can be found in this paper, where a wide range of policy applications of the source decomposition of the extended gini index are discussed, including techniques for analyzing the impact of the targeting of programs as opposed to the rules for the allocation of benefits among program participants.
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Decomposing inequality in CO2 emissions: The role of primary energy carriers and economic sectors
TL;DR: In this article, the authors analyzed the evolution of inequality in global CO2 per-capita emissions using both historical data on energy-related CO2 emissions and future emission scenarios generated with the integrated assessment model REMIND.
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.
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.