Assessing Inequality in the Presence of Growth: an Expository Essay
S. Subramanian ()
The Review of Black Political Economy, 2015, vol. 42, issue 3, 179-199
In a great deal of empirical work on distributional analysis, the only sorts of inequality measures employed are ‘relative’ ones. The present paper argues the case for a more plural approach to inequality measurement, in which both ‘absolute’ and ‘intermediate’ conceptualizations of inequality are admitted. In particular, it is suggested that there is a strong case for the employment of intermediate measures of inequality in assessing over time changes in inequality and, through that route, the inclusiveness or otherwise of the process of growth in per capita income. The purpose of the paper is two fold: exposition and persuasion. Copyright Springer Science+Business Media New York 2015
Keywords: Inclusive growth; Relative Lorenz curve; Absolute Lorenz curve; Intermediate Gini coefficient; Krtscha Index; D30; D31; O15; O40 (search for similar items in EconPapers)
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