Journal ArticleDOI
On the Measurement of Inequality
Reads0
Chats0
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
More filters
Journal ArticleDOI
Regional Economic Disparities and Decentralisation
TL;DR: In this article, the authors analyzed the impact of both fiscal and political decentralization on regional inequalities using alternative measures for a sample of 17 OECD countries, including measures of public-sector size and the type of party in government.
Journal ArticleDOI
A Generalized Human Development Index
TL;DR: In this paper, the authors axiomatically characterize a general measure of achievement, which contains the UNDP human development index as a special case, and provide an empirical illustration of the axiomally characterized indices.
Journal ArticleDOI
Conceptual Framework for the Analysis of the Social Benefits of Lifelong Learnings
TL;DR: In this paper, the authors systematically identify the market and non-market returns to education over the life cycle of gruaduates, as well as the social benefits externalities, and conclude that the capacity to finance education depends on political processes, which therefore are analyzed also, and on the ability to build broad-based coalitions using knowledge about these marginal products.
Journal ArticleDOI
Aggregate consumer behavior and the measurement of social welfare
TL;DR: In this article, the authors describe a new approach to normative economics, combining the theory of social choice with econometric modeling of aggregate consumer behavior, which has been successfully applied to the evaluation of economic policy, the measurement of poverty and inequality, and the assessment of the standard of living and its cost.
Book
Land in Transition: Reform and Poverty in Rural Vietnam
TL;DR: In this paper, the authors studied how the changes in land institutions and land allocation required for Vietnam's agrarian transition affected people's living standards, notably that of the country's rural poor.
References
More filters
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.