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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On inequality comparisons
Gary S. Fields,John C. H. Fei +1 more
TL;DR: The cardinality vs ordinality issue has been extensively discussed in the literature as discussed by the authors, and the cardinality of the usual measures is not only a source of controversy, but it is also redundant.
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Gender differences in socioeconomic inequality in mortality
Cameron Mustard,J Etches +1 more
TL;DR: Inferences about gender differences in socioeconomic inequality in mortality are sensitive to the choice of inequality measure, with about 90% of studies indicating that male mortality was more unequal than female mortality across socioeconomic groups.
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Reforming the Gender-Related Development Index and the Gender Empowerment Measure: Implementing Some Specific Proposals
Stephan Klasen,Dana Schüler +1 more
TL;DR: In this paper, the authors extended this work by adjusting the recommendations, making concrete proposals for two gender-related indicators, and presenting illustrative results for these proposed measures, including the calculation of a male and female Human Development Index (HDI), as well as a gender gap measure (GGM) to replace the GDI as a measure of gender inequality.
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Does Income Mobility Equalize Longer-term Incomes? New Measures of an Old Concept
TL;DR: This article developed a new class of measures of mobility as an equalizer of longer-term incomes, a concept different from other notions such as mobility as time-independence, positional movement, share movement, income flux, and directional income movement.
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Relative deprivation and economic welfare
TL;DR: In this article, it is shown that the theory of relative deprivation can be decomposed into two concepts: deprivation and its relativity, and the effect of reference groups on the deprivation felt in the society.
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.
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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.