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We decompose the generalized Lorenz order into a size and a distribution component. The former is represented by stochastic dominance, the latter by the standard Lorenz order. We show that it is always possible, given generalized Lorenz dominance between two distributions F and G, to find...
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We decompose the generalized Lorenz order into a size and a distribution component. The former is represented by stochastic dominance, the latter by the standard Lorenz order. We show that it is always possible, given generalized Lorenz dominance between two distributions F and G, to find...
Persistent link: https://www.econbiz.de/10009781624
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As is well known, the use of the Gini coefficient in comparisons is inconsistent with an utilitarian approach. This paper analyzes the Gini coefficient's normative significance in welfare comparisons evaluating income distributions according to Yaari dual social welfare function. When...
Persistent link: https://www.econbiz.de/10014202551
This chapter is concerned with issues arising from the construction of ethical measures of inequality and poverty. The recent literature on measurement of inequality and poverty emphasizes the close connection between social welfare functions and ethical indices of inequality and poverty. This...
Persistent link: https://www.econbiz.de/10014023831