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The Gini coefficient is based on the sum of pairwise income differences. For an individual, differences vis-à-vis poorer people represent advantage, and those versus richer people deprivation. Any weighted average of deprivation and advantage generates a “Gini admissible” personal...
Persistent link: https://www.econbiz.de/10012968651
In this paper we reconsider the Dagum decomposition of the Gini index and we compare this decomposition with the decompositions proposed by Mookherjee and Shorrocks and by Lambert and Aronson. In so doing, a deeper insight into the meaning of the overlapping term is given and an alternative...
Persistent link: https://www.econbiz.de/10012709431
In this paper, we propose to use the so-called Sen-Shorrocks poverty index (Shorrocks, 1995) to measure multidimensional deprivation when only dichotomous variables are available to assess deprivation in the various deprivation domains, the most common case in the literature, and introduce a...
Persistent link: https://www.econbiz.de/10012601360
This paper defines and characterizes the concept of an increase in inverse downside inequality and show that, when the Lorenz curves of two income distributions intersect, how the change from one distribution to the other is judged by an inequality index exhibiting inverse downside inequality...
Persistent link: https://www.econbiz.de/10013251477
Over the last decades, research in behavioural economics has demonstrated that individual welfare (utility), as relevant for economic decision making, depends not only on absolut but also on distributional aspects. Moreover, evidence is gathering that something similar holds for aggregate...
Persistent link: https://www.econbiz.de/10011845317
Although it is not a new phenomenon, in recent years inequality has moved to the top of the political agenda given the concern that will result in political instability and social resentment. Persistence in inequality can further undermine economic growth and development by hindering educational...
Persistent link: https://www.econbiz.de/10012150669
Although it is not a new phenomenon, in recent years inequality has moved to the top of the political agenda given the concern that will result in political instability and social resentment. Persistence in inequality can further undermine economic growth and development by hindering educational...
Persistent link: https://www.econbiz.de/10012132740
Additive decomposability is an interesting feature of inequality indices which, however, is not always fulfilled; solutions to overcome such an issue have been given by Deutsch and Silber (2007) and by Di Maio and Landoni (2017). In this paper, we apply these methods, based on the “Shapley...
Persistent link: https://www.econbiz.de/10011823313
Over the last decades, research in behavioural economics has demonstrated that individual welfare (utility), as relevant for economic decision making, depends not only on absolut but also on distributional aspects. Moreover, evidence is gathering that something similar holds for aggregate...
Persistent link: https://www.econbiz.de/10012916152
We propose an extended version of Gini index defined on the set of infinite utility streams, $X=Y^\N$ where $Y\subset \R$.For $Y$ containing at most finitely many elements, the index satisfies the generalized Pigou-Dalton transfer principles in addition to the anonymity axiom
Persistent link: https://www.econbiz.de/10013306222