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A major impediment to poverty evaluation in multivariate environments are the difficulties associated with formulating poverty frontiers. This paper proposes a new multivariate polarization measure which, in appropriate circumstances, works as a multivariate poverty measure which does not...
Persistent link: https://www.econbiz.de/10005033464
Underlying the unresolved debate over whether the gap between rich and poor country GNP per capita has narrowed is a concern for wellbeing. The issue is really about the changing shapes of distributions of wellbeing indicators. As limiting cases con- vergence between rich and poor country groups...
Persistent link: https://www.econbiz.de/10008493500
Aphorisms that “Rising tides raise all boats” or that material advances of the rich eventually “Trickle Down” to the poor are really maxims regarding the nature of stochastic processes that underlay the income paths of groups of individuals. This paper looks at the implications of...
Persistent link: https://www.econbiz.de/10008578152
This paper proposes a convenient measure of the degree of distributional overlap, both parametric and nonparametric, useful in measuring the degree of Polarization, Alienation, and Convergence. We show the measure is asymptotically normally distributed, making it amenable to inference in...
Persistent link: https://www.econbiz.de/10008583024