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We provide a systematic treatment of the notion of economic insecurity, assuming that an individual’s sentiment of insecurity depends on the current wealth level and its variations experienced in the past. We think of wealth as a comprehensive variable encompassing anything that may help in...
Persistent link: https://www.econbiz.de/10008617061
This paper presents a non-parametric procedure to analyze the effects of different factors on observed movements in any distribution. These effects are estimated by applying kernel density methods to weighted samples in order to obtain counterfactual distributions. The advantage of this approach...
Persistent link: https://www.econbiz.de/10008753388
Recent work has documented a rising degree of wealth inequality in the United States between 1983 and 1998. In this paper we look at another dimension of the distribution: polarization. Using techniques developed by Esteban and Ray (1994) and extended by D'Ambrosia (2001), we examine whether a...
Persistent link: https://www.econbiz.de/10008684655
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A poverty reduction failure index is a measure of the extent of inability of a society to reduce its poverty level. This paper develops an ordering for ranking alternative income distributions in terms of poverty reduction failures. The ordering can be easily implemented by using the generalized...
Persistent link: https://www.econbiz.de/10010719395
Summary This paper aims at capturing the level of deprivation of São Paulo's population in 2000 as suffered by its inhabitants in a non-income framework. We construct a measure of functioning failure which indicates the degree to which functionings that are considered relevant in the city...
Persistent link: https://www.econbiz.de/10005316832
The Lorenz criterion of preferable distributions fails to distinguish adequately between convergence to the global mean and clustering around local means. This concern has motivated independent work by Wolfson, and Esteban and Ray on the notion of polarization. In this paper I build on this...
Persistent link: https://www.econbiz.de/10005324617
This paper develops an axiomatic approach to the measurement of social exclusion. At the individual level, social exclusion is viewed in terms of deprivation of the person concerned with respect to different functionings in the society. At the aggregate level we treat social exclusion as a...
Persistent link: https://www.econbiz.de/10005324641