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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Changes in the Distribution of Individual Earnings in the United States: 1967-1986
TL;DR: In this paper, the authors examined the sensitivity of conclusion regarding time-series changes in inequality to the measure of inequality employed and to the population group analyzed and found a general pattern of stable or decreasing inequality throughout the 1970s followed by a period of increasing inequality.
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Are People Inequality Averse, and Do They Prefer Redistribution by the State? Evidence from German Longitudinal Data on Life Satisfaction
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.
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Implicit social preferences in the norwegian system of indirect taxation
TL;DR: In this paper, a parametric preference function is specified, which makes it possible to separate and quantify three different effects, i.e., the degree of income inequality aversion, external social costs induced by the consumption of certain commodities, and implicit equivalent income scales.
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Reinterpreting between-group inequality
TL;DR: In this article, the authors evaluate observed inequality between population groups against a benchmark of the maximum between-group inequality attainable given the number and relative sizes of those groups under examination.
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Foreign bank diversification and efficiency prior to and during the financial crisis: Does one business model fit all?
TL;DR: In this paper, the authors investigated whether there is an optimal business model along three business dimensions (assets, funding and income) and which business model is optimal for foreign banks in a financial center.
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.
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.