Dynamic Measures of Individual Deprivation

Walter Bossert () and Conchita D'Ambrosio ()

Cahiers de recherche from Universite de Montreal, Departement de sciences economiques

Abstract: We introduce and axiomatize 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 its reference group move on to a higher level of income than itself. 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: Deivation; Equity; Individual Well-Being. (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Date: 2005
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http://hdl.handle.net/1866/539 (application/pdf)

Related works:
Working Paper: Dynamic Measures of Individual Deprivation (2005)
Journal Article: Dynamic Measures of Individual Deprivation (2007)
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