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Individual Diversity and the Gini Decomposition

Ceriani, Lidia; Verme, Paolo - Society for the Study of Economic Inequality - ECINEQ - 2014

The paper defines the Gini index as the sum of individual contributions where individual contributions are interpreted as the degree of diversity of each individual from all other members of society. Among various possible forms of individual contributions to the Gini found in the literature, we...

Persistent link: https://www.econbiz.de/10010878125

Happiness, deprivation and the alter ego

Verme, Paolo - Society for the Study of Economic Inequality - ECINEQ - 2010

The paper focuses on satisfaction with income and proposes a utility model built on two value systems, the `Ego' system - described as one own income assessment relatively to one own past and future income - and the `Alter' system - described as one own income assessment relatively to a...

Persistent link: https://www.econbiz.de/10008512113

Two classes of generalized deprivation indexes

Verme, Paolo - Society for the Study of Economic Inequality - ECINEQ - 2011

The paper uses two particular formulations of the Gini index to derive two different relative deprivation measures. We then generalize the formulation of these measures following Donaldson and Weymark (1980) and Berrebi and Silber (1985) and show how these generalizations can be considered as...

Persistent link: https://www.econbiz.de/10009193073

Life satisfaction and income inequality

Verme, Paolo - Society for the Study of Economic Inequality - ECINEQ - 2010

Do people care about income inequality and does income inequality affect subjective wellbeing? Welfare theories can … predict either a positive or a negative impact of income inequality on subjective well-being and empirical research has found … such empirical heterogeneity. Using a very large sample of world citizens we test the consistency of income inequality in …

Persistent link: https://www.econbiz.de/10008782825