Showing 1 - 7 of 7
Using a simple axiomatic structure we characterise two classes ofinequality indices - absolute and relative - that take into account "envy"in the income distribution. The concept of envy incorporated hereconcerns the distance of each person's income from his or herimmediately richer neighbour....
Persistent link: https://www.econbiz.de/10005797453
Temkin (1986,1993) sets out a philosophical basis for the analysis of income inequality that provides an important alternative to the mainstream welfarist approach. We show that the Temkin principles can be characterised by a parsimonious axiomatic structure and we use this structure to derive a...
Persistent link: https://www.econbiz.de/10005797457
Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. We examine three interlinked propositions that are fundamental to the...
Persistent link: https://www.econbiz.de/10005510519
Inequality measures are often used to summarise information about empirical income distributions. However , the resulting picture of the distribution and of the changes in the distribution can be severely distorted if the data are contaminated. The nature of this distortion will in general...
Persistent link: https://www.econbiz.de/10005310307
Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using a novel mult-country questgionnaire experiment we examine the basis for this claim in terms of respondents' distributional perceptions. We show that in terms of both inequality...
Persistent link: https://www.econbiz.de/10005310315
We re-examine some of the standard axioms used in the literature on Poverty Measurement. Using a sample of 486 students from Australia, Israel and the USA we investigate the extent to which perceptions of poverty correspond to the axioms.
Persistent link: https://www.econbiz.de/10005670745
This paper examines how people assess inequality of an income distribution and how inequality could be measured. We start from philosophical analysis of L Temkin who distinguishes nine plausible aspects of inequality. His approach is based on the concept of 'complaints' or distances between...
Persistent link: https://www.econbiz.de/10005670752