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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 new class of inequality indices and an inequality ordering. This class …
Persistent link: https://www.econbiz.de/10010884654
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 incomes. We examine the Temkin approach by means of the questionnaire …This paper examines how people assess inequality of an income distribution and how inequality could be measured. We …
Persistent link: https://www.econbiz.de/10005670752
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
Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …
Persistent link: https://www.econbiz.de/10010744849
Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using …' distributional perceptions. We show that in terms of both inequality and risk individuals consistently reject one of the standard … axioms of distributional comparison. Moreover, there are significant differences in the 'maps' of inequality and risk …
Persistent link: https://www.econbiz.de/10010746203
Using a simple axiomatic structure we characterise two classes of inequality indices - absolute and relative - that …
Persistent link: https://www.econbiz.de/10011071500
Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …
Persistent link: https://www.econbiz.de/10005510519
Recent insights from the philosopher Larry Temkin have suggested a new basis for the measurement of income inequality …, founded on the notion of individual “complaints” about income distribution. Under certain specifications of the relationship … between complaints and personal incomes it can be shown that a concept similar to the concept of deprivation then emerges. In …
Persistent link: https://www.econbiz.de/10011071517
We provide an axiomatic justification to aggregate money metrics. The key axiom requires the approval of richer-to-poorer transfers that preserve the overall efficiency of the distribution. This transfer principle - together with the basic axioms of anonymity, continuity, monotonicity, and a...
Persistent link: https://www.econbiz.de/10012010032
We provide an axiomatic justification to aggregate money metrics. The key axiom requires the approval of richer-to-poorer transfers that preserve the overall efficiency of the distribution. This transfer principle - together with the basic axioms of anonymity, continuity, monotonicity, and a...
Persistent link: https://www.econbiz.de/10011856642