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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Inequalities in health: Some international comparisons
TL;DR: In this paper, the authors compare various dimensions of inequality between different countries, including, particularly, those relating to income and wealth, and find that mortality is easier to define than income, and there is no problem equivalent to that of defining the income unit.
Book
Statistical Size Distributions in Economics and Actuarial Sciences
Christian Kleiber,Samuel Kotz +1 more
TL;DR: The Statistical Size Distribution in Economics and Actuarial Sciences (SDFIS) as discussed by the authors is a collection of parametric models that deal with income, wealth, and related notions.
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Inequality decomposition by population subgroups
TL;DR: In this paper, the implications of imposing a weak aggregation condition on inequality indices, so that the overall inequality value can be computed from information concerning the size, mean, and inequality value of each population subgroup, are examined.
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Stochastic dominance and expected utility: survey and analysis
TL;DR: In this paper, the first-, second-and third-order stochastic dominance rules are discussed with an emphasis on the development in the area since the 1980s, focusing on the early 1970s.
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Promise and Pitfalls in the Use of "Secondary" Data-Sets: Income Inequality in OECD Countries As a Case Study
TL;DR: This paper examined the role of secondary data sets in empirical economic research, taking the field of income distribution as a case study, and illustrated problems faced by users of "secondary" statistics, showing how both cross-country comparisons and time-series analysis can depend sensitively on the choice of data.
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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.