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Social scientists study two kinds of inequality: inequality between persons (as in income inequality) and inequality between subgroups (as in racial inequality). This paper analyzes the mathematical connections between the two kinds of inequality. The paper proceeds by exploring a set of...
Persistent link: https://www.econbiz.de/10013317114
Understanding the exact connection between inequality and justice is important because justice is classically regarded as the first line of defense against self-interest and inequality. Absent a strong and clear link between inequality and justice, the sense of justice would not awaken to exert...
Persistent link: https://www.econbiz.de/10011521090
Understanding the exact connection between inequality and justice is important because justice is classically regarded as the first line of defense against self-interest and inequality. Absent a strong and clear link between inequality and justice, the sense of justice would not awaken to exert...
Persistent link: https://www.econbiz.de/10012985278
This paper surveys selected applications of the Lorenz curve and related stochastic orders in economics and econometrics, with a bias towards problems in statistical distribution theory. These include characterizations of income distributions in terms of families of inequality measures, Lorenz...
Persistent link: https://www.econbiz.de/10003664973
Inequality is anisotropic: its intensity is variable along the income scale. Therefore, to focus on local inequalities, a new representation, the isograph, is developed to figure their variations. This leads to the expression of three coefficients able to summarize the shape of inequalities: a...
Persistent link: https://www.econbiz.de/10010258790
Income distributions for developing countries in Asia are modeled using beta-2 distributions, which are estimated by a method of moments procedure applied to grouped data. Estimated parameters of these distributions are used to calculate measures of inequality, poverty, and pro-poor growth in...
Persistent link: https://www.econbiz.de/10010260040
Similar looking Lorenz Curves can imply very different income density functions and potentially lead to wrong policy implications regarding inequality. This paper derives a relation between a Lorenz Curve and the modality of its underlying income density: Given a parametric Lorenz Curve, it is...
Persistent link: https://www.econbiz.de/10009671306
The generalized entropy class of inequality indices is derived for Generalized Beta of the Second Kind (GB2) income distributions, thereby providing a full range of top-sensitive and bottom-sensitive measures. An examination of British income inequality in 1994/95 and 2004/05 illustrates the...
Persistent link: https://www.econbiz.de/10012729797
Income distribution analysis can be conducted from the point of view of the comparisons between different geographical regions, family types or socio-economic groups it can also be carried out to assess the effects of an economic policy over time. The paper presents the results of a research on...
Persistent link: https://www.econbiz.de/10012910455
This paper revisits the fitting of parametric distributions to earned income data. In line with Camilo Dagum's dictum that candidate distribution should not only be chosen for fit, but that economic content should also play a role, a new candidate is proposed. The fit of a simple finite mixture...
Persistent link: https://www.econbiz.de/10013005435