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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Journal ArticleDOI
Income Inequality, Trade and Financial Openness
Guay Lim,Paul D. McNelis +1 more
TL;DR: This article examined the relationship between the Gini coefficient, trade-openness, foreign aid and foreign direct investment flows and found that trade openness can be effective for changing income inequality, but its effectiveness depends on the stage of development.
Posted ContentDOI
Calculating the Social Cost of Carbon
Chris Hope,David M. Newbery +1 more
TL;DR: In this paper, the authors discussed the determination of the social cost of carbon (SCC) using the PAGE2002 model used in the Stern Review and concluded that the SCC rises at about 2.4% p.a.
Journal ArticleDOI
Almost Stochastic Dominance and stocks for the long run
TL;DR: It is shown that Almost Stochastic Dominance and the geometric-mean argument do not necessarily support long-run investment in equities, and for standard preferences bonds may be preferred to stocks for the long run while stocks are preferred for shorter horizons.
Proceedings ArticleDOI
By no means: a study on aggregating software metrics
TL;DR: The results indicate that correlation is not strong, and is influenced by the aggregation technique, while recently econometric aggregation techniques, such as the Gini, Theil, and Hoover indices have been proposed.
Journal ArticleDOI
Where is the “wellbeing dividend”? Nature, structure and consumption inequalities
TL;DR: In this article, the authors describe the so-called wellbeing paradox: the existence of stationary or declining levels of subjective wellbeing, despite growing income and consumption levels, and propose two different kinds of "explanations" for continued consumption growth (one based in human nature and the other in social structure).
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.