Extended Gini Indices of Inequality

Satya Chakravarty

International Economic Review, 1988, vol. 29, issue 1, 147-56

Abstract: This paper suggests generalizations of the Gini indices of "relative" and " "absolute" inequality. The new families of indices are based respect ively on the Lorenz curve and the generalized Lorenz curve. Each inde x is shown to rank income profiles in a given simplex according to so me strictly-concave, social-evaluation function, a property which the Gini indices fail to satisfy. Copyright 1988 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

Date: 1988
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