Lorenz Dominance and the Variance of Logarithms.

The variance of logarithms is a widely used inequality measure which is well known to disagree with the Lorenz criterion. Up to now, the extent and likelihood of this inconsistency were thought to be vanishingly small. We find that this view is mistaken : the extent of the disgreement can be extremely large; the likelihood is far from negligible.

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Year of publication:	1997
Authors:	Ok, Efe A. ; Foster, James
Institutions:	C.V. Starr Center for Applied Economics, Department of Economics
Subject:	STATISTICS \| MEASUREMENT

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	17 pages
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; C43 - Index Numbers and Aggregation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005264429