Dynamic Measures of Individual Deprivation

Walter Bossert () and Conchita D'Ambrosio ()

No 12, Working Papers from ECINEQ, Society for the Study of Economic Inequality

Abstract: We introduce a one-parameter class of individual deprivation measures. Motivated by a suggestion of Runciman, we modify Yitzhaki’s index by multiplying it by a function that is interpreted as measuring the part of deprivation generated by an agent’s observation that others in his reference group move on to a higher level of income than himself. The parameter reflects the relative weight given to these dynamic considerations, and the standard Yitzhaki index is obtained as a special case. In addition, we characterize more general classes of measures that pay attention to this important dynamic aspect of deprivation

Keywords: Deprivation; Equity; Individual Well-Being. (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Date: Written
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http://www.ecineq.org/milano/WP/ECINEQ2005-12.pdf First version, 2005 (application/pdf)

Related works:
Working Paper: Dynamic Measures of Individual Deprivation (2005)
Journal Article: Dynamic Measures of Individual Deprivation (2007)
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Persistent link: http://EconPapers.repec.org/RePEc:inq:inqwps:ecineq2005-12

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