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
Citations
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Axioms for a fuzzy measure of inequality
Kaushik Basu,Kaushik Basu +1 more
TL;DR: In this paper, a fuzzy measure of inequality, along with a set of necessary and sufficient axioms, is established, which allows for tentative judgements and doubts, and the Gini ranking turns out to be a nearest exact approximation of it.
Journal ArticleDOI
A Normative and Statistical Approach to Measuring Classical Horizontal Inequity
TL;DR: In this paper, a local measure of classical horizontal inequity (HI) in an income tax or tax-benefit system is proposed and aggregated into a global index, which expresses the revenue gain per capita that would come from eliminating HI welfare-neutrally, and also reveals the loss of vertical performance, in terms of the Blackorby and Donaldson (1984) progressivity index, caused by the presence of HI.
Posted Content
Income inequality and health: lessons from a refugee residential assignment program
TL;DR: No statistically significant effect of income inequality on the risk of being hospitalized is revealed for refugees, and this finding holds also for most population subgroups and when separating between different types of diagnoses.
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Tourist seasonality and the role of markets
TL;DR: In this article, the authors proposed three methodologies for measuring and analyzing tourist seasonality from a market-side perspective and empirically implemented them for Spain as a whole, finding that seasonality in Spain has worsened since 2008, coinciding with a strong growth in overall demand.
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.