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
Justifying social discounting: the rank-discounted utilitarian approach
Stéphane Zuber,Geir B. Asheim +1 more
TL;DR: It is shown that more inequality averse RDU societies have higher social discount rates when future generations are better-off, and it is proved that it promotes sustainable policies maximizing discounted utility.
Book ChapterDOI
Social Insurance, Incentives and Risk-Taking
TL;DR: In this article, the authors argue that both the enhancement of risk taking and the moral hazard effects tend to increase the inequality in the economy, and, under constant returns to risk taking, this increase is likely to be strong enough even to make the net-of-tax income distribution more unequal.
ReportDOI
Parametric Estimations of the World Distribution of Income
TL;DR: The authors used a parametric method to estimate the income distribution for 191 countries between 1970 and 2006, using the official $1/day line, and found that world poverty rates have fallen by 80% from 0.268 in 1970 to 0.054 in 2006.
Journal ArticleDOI
Ranking income distributions when needs differ
TL;DR: The authors derived criteria for ranking income distributions where households differ in equity-relevant non-income characteristics (needs) using methods which do not require cardinal specifications of equivalence scales, and illustrate the methods with an analysis of changes in social welfare and poverty in the U.K. between 1981 and 1986.
Journal ArticleDOI
Measuring Attitudes Towards Inequality
TL;DR: In this paper, the authors measured individuals' attitudes to inequality aversion using survey data, based on the leaky-bucket experiment, for several groups of students in Australia and Israel.
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.