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
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Economic growth, energy consumption and CO2 emissions in Gulf Cooperation Council countries
TL;DR: In this article, the authors examined the empirical relationship between economic growth, energy consumption and carbon dioxide emissions, calculated the trend of decoupling effects and analyzed the evolution of inequality in CO2 emissions in GCC (Gulf Cooperation Council countries) countries.
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Economic Analysis, Moral Philosophy, and Public Policy
TL;DR: In this article, the authors argue that when they defend their formal model of rationality, most economists implicitly espouse contestable moral principles, such as freedom, rights, equality, and justice.
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A controversial proposal concerning inequality measurement
TL;DR: In this article, an axiom system on a policy maker's preferences is proposed and shown to characterize the class of linear inequality measures, and a measure for the policy makers degree of "equality mindedness" is then developed.
Redistributing income to the poor and the rich : public transfers in Latin America and the Caribbean
TL;DR: In this article, the authors reinforce the recommendations commonly made in the literature on social protection in Latin America and the Caribbean (LAC) - arming them with additional evidence on redistributive impacts including: Reducing pension deficits and rethinking some highly regressive social insurance programs.
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On the measurement of horizontal inequity in the delivery of health care.
TL;DR: It is concluded that none of the methods used to date is particularly well equipped to provide unbiassed estimates of the extent of inequity and Le Grand's (1978) approach is likely to point towards inequity favouring the rich even when none exists.
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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
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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.