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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The Normative Approach to the Measurement of Multidimensional Inequality
TL;DR: In this paper, a normative approach to multidimensional inequality measurement is presented, and a dominance criterion proposed by Tsui Social Choice and Welfare (1999) that takes account of the dependence between the individual distributions of the attributes is considered.
Journal ArticleDOI
Family size and social utility: income distribution dominance criteria.
TL;DR: This paper generalizes previous results on income distribution dominance in the case where the population of income recipients is broken down into groups with distinct utility functions.
Journal ArticleDOI
Comparing measures of health inequality
TL;DR: Conclusions do not differ substantially using the three methods for measuring inequality, however, consistent differences were evident between the measures of social position, with greater inequalities apparent for educational qualifications.
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Beyond Oaxaca-Blinder: Accounting for differences in household income distributions
TL;DR: The authors developed a method to decompose differences across distributions of household income, based on counterfactual distributions that 'lie between' the actually observed distributions, and found that most of Brazil's excess inequality is accounted for by underlying inequalities in the distributions of education and of non-labor income, notably pensions.
Book ChapterDOI
Evaluation of Interestingness Measures for Ranking Discovered Knowledge
TL;DR: This work theoretically and empirically evaluate thirteen diversity measures used as heuristic measures of interestingness for ranking summaries generated from databases, and describes five principles that any measure must satisfy to be considered useful forranking summaries.
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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.