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Inequality: measurement

Cowell, Frank (2008) Inequality: measurement. In: Durlauf, Steven N and Blume, Lawrence. E, (eds.) The New Palgrave Dictionary of Economics. Palgrave Macmillan, Hampshire, UK. ISBN 09780333786765

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This article provides an overview of the key issues in inequality measurement and shows how theoretical concepts are related to practical judgements. The principal axioms of distributional analysis are used to show the social-welfare underpinnings of standard ranking principles and to derive families of inequality indices. Recent developments that focus on income differences and reference income levels are examined.

Item Type: Book Section
Official URL:
Additional Information: © 2008 Macmillan Publishers Limited
Divisions: Economics
Centre for Analysis of Social Exclusion
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
JEL classification: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods: General > C13 - Estimation
D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Date Deposited: 03 May 2011 09:56
Last Modified: 18 Oct 2021 23:03

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