The Welfare Approach to Measuring InequalityInstitute for Research on Poverty, University of Wisconsin, 1978 - Distribution (Economic theory). - 43 pages |
Common terms and phrases
arithmetic mean Atkinson's measure axiom for populations basic theory Christopher Winship coefficient of variation consistent Dalton's measure different measures differing numbers discussion distributed equally distributed income equivalents distribution of income dollars due to income economists equally distributed income Figure B.1 Gini coefficient Harrison White income inequality income is distributed income is equally income possessed increase overall inequality increasing everyone's income India intensity axiom isoquant Joseph Schwartz Kolm Kuznets data level of welfare literature logarithm of income Lorenz curves cross loss in welfare mean relative deviation measures of inequality measuring inequality Mexico pairs of countries Percent of Total percentage Population Symmetry Axiom populations with differing properties ratio represents rich person Rothschild and Stiglitz satisfy the transfers social and individual social welfare function Spearman rank order standard deviation strict concavity three axioms Total Income 40 total individual welfare traditional measures transfers principle values Welfare Approach welfare economics welfare will increase