Showing 21 - 30 of 37,320
We examine individuals’ distributional orderings in a number of contexts. This is done by using a questionnaire-experiment that is presented to respondents in any one of seven “flavours” or interpretations of the basic distributional problem. The flavours include inequality, risk, social...
Persistent link: https://www.econbiz.de/10011071116
Distributional dominance criteria are commonly applied to draw welfare in- ferences about comparisons, but conclusions drawn from empirical imple- mentations of dominance criteria may be inßuenced by data contamination. We examine a non-parametric approach to reÞning Lorenz-type comparisons...
Persistent link: https://www.econbiz.de/10011071290
With income distributions it is common to encounter the problem of missing data. When a parametric model is fitted to the data, the problem can be overcome by specifying the marginal distribution of the observed data. With classical methods of estimation such as the maximum likelihood (ML) an...
Persistent link: https://www.econbiz.de/10010928590
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/10010928608
This article provides a brief overview of the key issues in inequality measurement and has been prepared for inclusion in the second edition of The New Palgrave.
Persistent link: https://www.econbiz.de/10010928769
Persistent link: https://www.econbiz.de/10011646658
This paper evaluates the impact of the economic downturn on Spanish wage polarization. Using the index of polarization of Palacios-González and García-Fernández (2012), we have computed polarization structuring the earners population into groups according to their wages, gender, education,...
Persistent link: https://www.econbiz.de/10010743097
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/10010744849
Theil’s information-theoretic approach to the measurement of inequality (Theil 1967) is set in the context of subsequent developments over recent decades. It is shown that Theil’s initial insight leads naturally to a very general class of inequality measures. It is thus closely related to a...
Persistent link: https://www.econbiz.de/10010745033
Lorenz curves and associated tools for ranking income distributions are commonly estimated on the assumption that full, unbiased samples are available. However, it is common to find income and wealth distributions that are routinely censored or trimmed. We derive the sampling distribution for a...
Persistent link: https://www.econbiz.de/10010745060