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This paper is concerned with the problem of ranking Lorenz curves in situations where the Lorenz curves intersect and no unambiguous ranking can be attained without introducing weaker ranking criteria than first-degree Lorenz dominance. To deal with such situations two alternative sequences of...
Persistent link: https://www.econbiz.de/10010269185
This paper is concerned with the problem of ranking Lorenz curves in situations where the Lorenz curves intersect and no unambiguous ranking can be attained without introducing weaker ranking criteria than first-degree Lorenz dominance. To deal with such situations Aaberge (2009) introduced two...
Persistent link: https://www.econbiz.de/10010269554
econometrics, with a bias towards problems in statistical distribution theory. These include characterizations of income …
Persistent link: https://www.econbiz.de/10010296691
econometrics, with a bias towards problems in statistical distribution theory. These include characterizations of income …
Persistent link: https://www.econbiz.de/10011390616
In this paper education simultaneously affects growth and income inequality. More education does not necessarily decrease inequality when the latter is assessed by the Lorenz dominance criterion. Increases in education first increase and then decrease growth as well as income inequality, when...
Persistent link: https://www.econbiz.de/10010266863
The inequality dataset compiled in the 1990s by the World Bank and extendedby the UN has been both widely used and strongly criticized. The criticisms raisequestions about conclusions drawn from secondary inequality datasets in general. Wedevelop techniques to deal with national and...
Persistent link: https://www.econbiz.de/10010325176
the Foundation of the Theory of Economic Policy, Macmillan, New York, 1987), who derive a sequential Lorenz dominance …
Persistent link: https://www.econbiz.de/10010335395
In this paper education simultaneously affects growth and income inequality. More education does not necessarily decrease inequality when the latter is assessed by the Lorenz dominance criterion. Increases in education first increase and then decrease growth as well as income inequality, when...
Persistent link: https://www.econbiz.de/10010335457
We provide a characterization of the generalised satisfaction - in our terminology nondeprivation - quasi-ordering introduced by S.R. Chakravarty (Keio Economic Studies 34 (1997), 17-32) for making welfare comparisons based on the absence of deprivation. We show that the non-deprivation...
Persistent link: https://www.econbiz.de/10010335534
A preliminary step in the measurement of inequality regards the choice of the index to use. Several indices exist, each one responding to a built-in aversion to inequality, and the choice affects conclusions. But how much? And in which way? We test the ranking correlation between inequality...
Persistent link: https://www.econbiz.de/10011652955