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Measuring inequality

Cowell, Frank (2011) Measuring inequality. London School of Economics perspectives in economic analysis. (3rd). OUP, Oxford, UK. ISBN 9780199594030

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If the rich just get richer and the poor get poorer, the answer might seem easy. But what if the income distribution changes in a complicated way? Can we use mathematical or statistical techniques to simplify the comparison problem in a way that has economic meaning? What does it mean to measure inequality? Is it similar to National Income? Or a price index? Is it enough just to work out the Gini coefficient? Measuring Inequality tackles these questions and examines the underlying principles of inequality measurement and its relation to welfare economics, distributional analysis, and information theory. The book covers modern theoretical developments in inequality analysis, as well as showing how the way we think about inequality today has been shaped by classic contributions in economics and related disciplines. Formal results and detailed literature discussion are provided in two appendices. The principal points are illustrated in the main text, using examples from US and UK data, as well as other data sources, and associated web materials provide hands-on learning. Measuring Inequality is designed to appeal to both undergraduate and post-graduate students, and academic economists. Its emphasis on practical application means that it will also be useful to policy analysts and advisors.

Item Type: Book
Official URL:
Additional Information: © 2011 The Author
Divisions: Economics
Centre for Analysis of Social Exclusion
Subjects: H Social Sciences > HB Economic Theory
Date Deposited: 14 Feb 2011 16:16
Last Modified: 15 Sep 2023 21:50

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