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This paper explores the implications of using multidimensional majorization criteria to derive inequality measures, without taking into consideration the idea behind the Pigou-Dalton principle, in the sense that if a richer person transfers something of at least one attribute to a poorer person...
Persistent link: https://www.econbiz.de/10005046383
Persistent link: https://www.econbiz.de/10003738286
This paper explores the implications of using multidimensional majorization criteria to derive inequality measures, without taking into consideration the idea behind the Pigou-Dalton principle, in the sense that if a richer person transfers something of at least one attribute to a poorer person...
Persistent link: https://www.econbiz.de/10014589152
Persistent link: https://www.econbiz.de/10009945350
We axiomatically characterize the Theil ordering of income inequality. In addition to the uncontroversial axioms of anonymity, homogeneity, replication invariance, strong directedness, and a standard continuity property, we appeal to both an independence and a decomposability axioms. These two...
Persistent link: https://www.econbiz.de/10010728080
Persistent link: https://www.econbiz.de/10005711559
Persistent link: https://www.econbiz.de/10009150261
Persistent link: https://www.econbiz.de/10008455936
Purpose: Most of the characterizations of inequality or poverty indices assume some invariance condition, be that scale, translation, or intermediate, which imposes value judgments on the measurement. In the unidimensional approach, Zheng (2007a, 2007b) suggests replacing all these properties...
Persistent link: https://www.econbiz.de/10015383435
In the unidimensional poverty field, a number of axioms capture the distribution sensitivity among the poor. One of them is the monotonicity sensitivity axiom that demands that a poverty measure should be more sensitive to a reduction in the income of a poor person, the poorer that person is. On...
Persistent link: https://www.econbiz.de/10015378207