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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Journal ArticleDOI
Implicit Value Judgments in the Measurement of Health Inequalities
TL;DR: Overall, it is found that many commonly used measures of inequality are value laden and that the normative judgments implicit in these measures have important consequences for interpreting and responding to health inequalities.
Journal ArticleDOI
The theory of justice
TL;DR: In this article, the general structure of the question justice in society, its three polar cases which relate to the benefits from the human resources, their difficulties with Pareto-efficiency, and the solutions of these dilemma, notably for the central case where individuals a priori own only their consumptive capacities.
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On the Efficiency-Fairness Trade-off
TL;DR: The trade-off achieved between efficiency and fairness as one selects different objectives is characterized and several concrete managerial prescriptions for the selection problem are developed based on this trade-offs.
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Inequality aversion, health inequalities and health achievement.
Adam Wagstaff,Adam Wagstaff +1 more
TL;DR: In this article, the Gini coefficient and the related concentration index embody one particular set of value judgements, and by generalizing these indices, alternative sets of value judgments can be reflected, which can be used together with information on the mean of the relevant distribution to obtain an overall measure of health "achievement".
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.