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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 analysis …
Persistent link: https://www.econbiz.de/10012729797
distributions in terms of families of inequality measures, Lorenz ordering of multiparameter distributions in terms of their … parameters, probability inequalities for distributions of quadratic forms, and Condorcet jury theorems. …
Persistent link: https://www.econbiz.de/10003664973
processes: reordering of the socio-economic position of urban neighbourhoods; changing levels of inequality between …
Persistent link: https://www.econbiz.de/10011925327
Inequality, bi-polarization and polarization are related but distinct concepts aiming at analysing the income … distribution. This paper first recalls the main differences between these three notions of inequality, bipolarization and … polarization and then suggests using the so-called Shapley decomposition to show that the various income sources have a different …
Persistent link: https://www.econbiz.de/10009747421
foundations, how polarization is distinct from inequality and other ways of considering distances and differences across …This chapter reviews the basic conceptual foundations for the measurement of polarization, the origins of those … individuals, and how polarization can be measured in an economic, a social, and a hybrid socioeconomic perspective. The chapter …
Persistent link: https://www.econbiz.de/10014025346
Power law behavior has been recognized to be a pervasive feature of many phenomena in natural and social sciences. While immense research efforts have been devoted to the analysis of behavioural mechanisms responsible for the ubiquity of power-law scaling, the strong theoretical foundation of...
Persistent link: https://www.econbiz.de/10008654245
our g-and-h model outperforms models with less flexible residual distributions and attains similar results as a benchmark …
Persistent link: https://www.econbiz.de/10013138164
In this paper we analyse the properties of hierarchical Archimedean copulas. This class is a generalisation of the Archimedean opulas and allows for general non-exchangeable dependency structures. We show that the structure of the copula can be uniquely recovered from all bivariate margins. We...
Persistent link: https://www.econbiz.de/10003814517
The "histogram method" (Young, 2010), while the standard approach for analyzing distributional dynamics in heterogeneous agent models, is linear in optimal policies. We introduce a novel method that captures nonlinearities of distributional dynamics. This method solves the distributional...
Persistent link: https://www.econbiz.de/10014553030
implications regarding inequality. This paper derives a relation between a Lorenz Curve and the modality of its underlying income … Inequality Database underlines the relevance of the theoretical result: Curve-fitting of decile data based on criteria such as … ; Modality ; Inequality ; Goodness of Fit …
Persistent link: https://www.econbiz.de/10009671306