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Capitalist systems and income inequality
Ranaldi, Marco; Milanović, Branko - 2020
-personal inequality. We speculate on the emergence of homoploutic societies where income composition may be the same for all, but Gini …
Persistent link: https://www.econbiz.de/10012305082
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A new inequality measure that is sensitive to extreme values and asymmetries
McAleer, Michael; Ryu, Hang-keun; Slottje, Daniel Jonathan - 2017
properties such a measure (or index) should contain. The Gini index is, of course, the most popular. There is a concurrent … Gini) that poorly detect the extreme values present in the underlying empirical IDF. This paper introduces a new inequality … measure to supplement, but not to replace, the Gini that measures more accurately the inherent asymmetries and extreme values …
Persistent link: https://www.econbiz.de/10011773015
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Social welfare, inequality and deprivation
Magdalou, Brice (contributor); Moyes, Patrick (contributor) - 2008
individuals and allocated to one arbitrary poorer individual. We identify the subclass of extended Gini social welfare functions … ; Inequality ; Deprivation ; Lorenz Dominance ; Extended Gini Social Welfare Functions …
Persistent link: https://www.econbiz.de/10003800432
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The barycenter of the distribution and its application to the measurement of inequality : the balance of inequality, the Gini index, and the Lorenz curve
Di Maio, Giorgio - 2022
, the Gini index is 2μX − 1, i.e., the normalization of the barycenter, which is in the range [0, 1/2], the concentration … area is μX − 1/2, and the Gini’s mean difference is 4μY (μX − 1/2). The same barycenter-based formulae hold for normalized …
Persistent link: https://www.econbiz.de/10013174492
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In search of a paradox of redistribution analysis of fiscal redistribution in high-income countries
Coady, David P. - 2023
The last decade has seen a sharp increase in interest in the possible existence of a Paradox of Redistribution (PoR) whereby narrow targeting of social transfers aimed at increasing their redistributive (poverty) impact has the perverse effect of increasing poverty over the medium term due to...
Persistent link: https://www.econbiz.de/10014454808
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Wealth distribution, peasant production and poverty traps in African smallholder agriculture
Hoogeveen, Johannes - 1999
A model is developed for peasant households in land abundant areas who choose between two technologies for land preparation: a manual one and one using draught animals. For draught a minimum number of animals is required so that a technological non convexity exists. It follows that certain...
Persistent link: https://www.econbiz.de/10011453277
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Well-being inequality and reference groups : an agenda for new research
Praag, Bernard M. S. van - 2010 - Version March 3, 2010
In this paper it is argued that subjective well-being of the individual depends on two types of variables. The first type consists of characteristics of the individual himself, such as age, health, income, etc. The second type of variables consists of the characteristics of the individuals...
Persistent link: https://www.econbiz.de/10011379637
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The inequality we want : how much is too much?
Krozer, Alice - 2017
A key aspect defining the contemporary income distribution is the (increasing) share the top holds compared to the rest. This paper shows that income concentration increases towards the very top of the distribution, while the shares the middle- and upper-middle-income groups hold remain stable...
Persistent link: https://www.econbiz.de/10011628596
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On a simple survey measure of individual risk aversion
Hartog, Joop; Ferrer-i-Carbonell, Ada; Jonker, Nicole - 2000
We ask individuals for their reservation price of a specified lotteryand deduce their Arrow-Pratt measure of risk aversion.This allows direct testing of common hypotheses on risk attitudes inthree datasets. We find that risk aversion indeed fallswith income and wealth. Entrepreneurs are less...
Persistent link: https://www.econbiz.de/10011303858
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Bayesian mode inference for discrete distributions in economics and finance
Cross, Jamie; Hoogerheide, Lennart; Labonne, Paul; … - 2023
Detecting heterogeneity within a population is crucial in many economic and financial applications. Econometrically, this requires a credible determination of multimodality in a given data distribution. We propose a straightforward yet effective technique for mode inference in discrete data...
Persistent link: https://www.econbiz.de/10014313693