Showing 1 - 10 of 126
We provide a simple proof of Foster's (1983) characterization of the Theil inequality index.
Persistent link: https://www.econbiz.de/10010719386
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
We provide a simple proof of Foster's (1983) characterization of the Theil inequality index.
Persistent link: https://www.econbiz.de/10011272239
It is possible to partially order cities with two ethnic groups according to the Lorenz criterion. Similarly, it is possible to partially order cities according to the informativeness of neighborhoods about the ethnic groups of its inhabitants. We show the equivalence of these two orders for the...
Persistent link: https://www.econbiz.de/10011272258
Measuring the extent to which distribution is polarized has recently attracted some attention from economists. Polarization, though related to inequality, is a different concept and implies a tendency towards clustering of observations into groups. It is of interest because it may be related to...
Persistent link: https://www.econbiz.de/10010733894
In several economic fields, such as those related to health or education, the individuals’ characteristics are measured by bounded variables. Accordingly, these characteristics may be indistinctly represented by achievements or shortfalls. A difficulty arises when inequality needs to be...
Persistent link: https://www.econbiz.de/10010870851
This paper emphasizes the properties of a family of inequality measures which extends the Atkinson indices and is axiomatically characterized by a multiplicative decomposition property where the withingroup component is a generalized weighted mean with weights summing exactly to 1. This family...
Persistent link: https://www.econbiz.de/10010720149
Persistent link: https://www.econbiz.de/10008426976
We consider the classical inequality measures due to Gini, Bonferroni, and De Vergottini and we present a brief review of the three inequality indices and the associated welfare functions, in the correspondence scheme introduced by Blackorby and Donaldson, and Weymark. The three classical...
Persistent link: https://www.econbiz.de/10011163080
Persistent link: https://www.econbiz.de/10011212319