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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Poverty, income inequality, and community crime rates
TL;DR: This article examined the relationship between crime rates and aggregate economic conditions for 57 small social areas and found that absolute poverty is more strongly associated with neighborhood crime rates, although the relationship is conditional on the type of crime considered.
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Inequality of opportunities vs. inequality of outcomes: are western societies all alike?
TL;DR: The authors analyzed the relationship between income inequality and inequality of opportunities for income acquisition in nine developed countries during the 1990s and found that the U.S. and Italy were the most unequal countries in terms of both outcome and opportunity.
Book ChapterDOI
Poverty orderings and welfare dominance
TL;DR: In this article, the partial orderings of discrete distributions derived from various poverty indices and sets of welfare functions were examined, and the natural interpretation of first, second and third degree "welfare dominance" was established.
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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.