Designing income distributions with specified inequalities

Satya Chakravarty and Palash Sarkar ()
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Palash Sarkar: Indian Statistical Institute

Economic Theory Bulletin, 2021, vol. 9, issue 2, No 11, 297-311

Abstract: Abstract Often from policy perspective it becomes necessary to arrive at an income distribution whose inequality value coincides with a targeted (low) inequality level. In the present article we address this duality problem in inequality measurement by using the well-known Gini and Bonferroni metrics of inequality. The duality theorem also enables us to determine the financial cost of achieving the targeted inequality value.

Keywords: Inequality; Targeted value; Duality result; Subsidy; Policy; D31; D63; H24 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s40505-021-00212-0

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