Cowell, Frank A. 
ORCID: 0000-0002-3778-2152, Flachaire, Emmanuel and Bandyopadhyay, Sanghamitra
(2013)
Reference distributions and inequality measurement.
Journal of Economic Inequality, 11 (4).
pp. 421-437.
ISSN 1569-1721
Abstract
We investigate a general problem of comparing pairs of distributions which includes approaches to inequality measurement, the evaluation of "unfair" income inequality, evaluation of inequality relative to norm incomes, and goodness of fit. We show how to represent the generic problem simply using (1) a class of divergence measures derived from a parsimonious set of axioms and (2) alternative types of "reference distributions." The problems of appropriate statistical implementation are discussed and empirical illustrations of the technique are provided using a variety of reference distributions.
| Item Type: | Article |
|---|---|
| Official URL: | http://link.springer.com/journal/10888 |
| Additional Information: | © 2013 Springer Science+Business Media New York |
| Divisions: | Economics STICERD Centre for Analysis of Social Exclusion |
| Subjects: | H Social Sciences > HB Economic Theory |
| JEL classification: | C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods: General > C10 - General D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement |
| Date Deposited: | 20 Feb 2013 11:26 |
| Last Modified: | 01 Oct 2024 03:39 |
| URI: | http://eprints.lse.ac.uk/id/eprint/48761 |
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