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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Are People Inequality Averse, and Do They Prefer Redistribution by the State? Evidence from German Longitudinal Data on Life Satisfaction - A revised version*
Johannes Schwarze,Marco Härpfer +1 more
TL;DR: In this paper, the authors link life-satisfaction data to inequality of the pre- and post-government income distribution at the regional level, to estimate the degree of inequality aversion.
Journal ArticleDOI
Numerical measures of segregation: desirable properties and their implications
TL;DR: The paper evaluates the dissimilarity and Gini segregation indexes from the perspective of the seven properties of a ‘good’ measure of segregation, and introduces an alternative index — the square root index.
Book ChapterDOI
A guide to the Dagum distributions
TL;DR: In a series of papers in the 1970s, Camilo Dagum proposed several variants of a new model for the size distribution of personal income and pointed out parallel developments in several branches of applied statistics literature as mentioned in this paper.
Journal ArticleDOI
A ‘Leaky Bucket’ in the Real World: Estimating Inequality Aversion using Survey Data
Jukka Pirttilä,Roope Uusitalo +1 more
TL;DR: The authors found that inequality aversion can be measured in a meaningful way using survey data, but the magnitudes of the estimates depend dramatically on how inequality aversion is measured and no matter how measured, the revealed inequality aversion predicts opinions on a wide range of questions related to the welfare state, such as the level of taxation, tax progressivity and the structure of unemployment benefits.
Book ChapterDOI
Aggregation Issues in Inequality Measurement
TL;DR: The elementary properties which inequality measures are usually assumed to possess admit a wide variety of specific index forms as mentioned in this paper, and in some circumstances, this multiplicity of potential measures does not cause any problem.
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.