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
A new measure of horizontal equity
TL;DR: This article proposed a new measure of horizontal equity that overcomes many of the shortcomings of previous proposed measures, and applied it to two tax-return data sets, evaluating the degree to which the horizontal equity of the US personal income tax has changed over time, and how horizontal equity would be altered by one version of recent proposals to do away with the so-called marriage penalty.
Journal ArticleDOI
Measuring inequality: tools and an illustration
TL;DR: The overall object is to demonstrate that varying implications for the welfare of society result from inequality measures, and to suggest that the economic literature from the past 100 years about inequality and inequities may have been overlooked in the health inequalities and inequity literature.
Book ChapterDOI
A review of portfolio planning: Models and systems
TL;DR: The mean-variance (MV) model of Markowitz is a single period static portfolio planning model, and, in recent times, it has become the core decision engine of many portfolio analytics and planning systems in the construction of the risk-return efficient frontier.
Journal ArticleDOI
Corruption, Income Inequality, and Poverty in the United States
Oguzhan C. Dincer,Burak Günalp +1 more
TL;DR: In this paper, the effects of corruption on income inequality and poverty are analyzed using the number of public officials convicted in a state for crimes related to corruption, which is an objective measure of corruption.
Posted Content
Long-Term Trends in American Wealth Inequality
TL;DR: In the first half of the nineteenth century, there was a marked rise in wealth concentration, and during the second quarter of the twentieth century, wealth inequality again decreased so that inequality of wealth-holding today resembles what it was on the eve of the Declaration of Independence as mentioned in this paper.
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.