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A class of proximity-sensitive measures of relative deprivation

Oded Stark, Jakub Bielawski and Fryderyk Falniowski

Economics Letters, 2017, vol. 160, issue C, 105-110

Abstract: We introduce a new class of generalized measures of relative deprivation. The class takes the form of a power mean of order p. A characteristic of the class is that depending on the value of the proximity-sensitive parameter p, the class is capable of accommodating both a decreasing weight (the case of p>1), and an increasing weight (the case of p∈(0,1)) accorded to given changes in the incomes of the individuals who are wealthier than the reference individual, depending on their proximity in the income distribution to the reference individual.

Keywords: Income distribution; Relative deprivation; Sensitivity to income transfers between wealthier individuals; Sensitivity to the proximity of changes in others’ incomes (search for similar items in EconPapers)
JEL-codes: D31 D33 D63 H23 (search for similar items in EconPapers)
Date: 2017
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