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This paper introduces a new Lorenz dominance criterion that allows ranking income distributions according to ray-invariant intermediate inequality measures. In doing so, it defines a-Lorenz curves by adapting the generalized Lorenz curves to this case. In addition, it provides an empirical...
Persistent link: https://www.econbiz.de/10009366283
This paper introduces a class of intermediate inequality indices, I(?, ?), that is at the same time ray-invariant and unit-consistent. These measures permit us to keep some of the good properties of Krtscha’s (1994) index while keeping the same “centrist” attitude whatever the income...
Persistent link: https://www.econbiz.de/10005413367
An income inequality measure satisfies the Pigou-Dalton transfer principle if progressive transfers decrease income inequality. When transfers cause transaction costs, one can trace out the maximum leakage such that the transfer pays at the margin. An income inequality measure is leaky-bucket...
Persistent link: https://www.econbiz.de/10005413403
The purpose of this paper is to analyze the advantages and disadvantages of several intermediate inequality measures, paying special attention to whether inequality rankings between income distributions are affected by the monetary units in which incomes are expressed.
Persistent link: https://www.econbiz.de/10005413438