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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Additivity and the entropy concept: An axiomatic approach to inequality measurement
Frank Cowell,Kiyoshi Kuga +1 more
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Poverty, Income Inequality, and Their Measures: Professor Sen's Axiomatic Approach Reconsidered
TL;DR: This article proposed the Gini coefficient of the censored income distribution truncated from above by the poverty line as an index of poverty, which was introduced by Professor Sen. In comparison with Sen's index, their alternative measure is simpler and more concerned with relative deprivation; it can be regarded as a more natural translation of the gini coefficient from the measurement of inequality into that of poverty.
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Frictional Wage Dispersion in Search Models: A Quantitative Assessment
TL;DR: In this paper, a new measure of frictional wage dispersion is proposed, the mean-min wage ratio, which is independent of the wage-offer distribution but depends on statistics of labor-market turnover and on preferences.
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Is Real-Time Pricing Green? The Environmental Impacts of Electricity Demand Variance
TL;DR: In this article, the authors argue that RTP will reduce the variance, both within-and across-days, in the quantity of electricity demanded, and estimate the short-run impacts of this reduction on SO 2, NO x, and CO 2 emissions.
Posted Content
Measuring the Distribution of Human Development: Methodology and an Application to Mexico
TL;DR: The Human Development Index (HDI) as mentioned in this paper improves upon per capita GDP as an indicator of development by incorporating information on health and education, but it fails to account for the inequality with which the benefits of development are distributed among the population.
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.