Measuring Income Inequality and Insufficiency

Percival S. Gabriel

World Economics, 2017, vol. 18, issue 3, 19-32

Abstract: Income inequality is normally illustrated by the Lorenz curve and measured by the Gini coefficient and other variant measures. Standard estimates exclude what is left of income when expenditure is subtracted and some groups have income insufficiency, income sufficiency or a surfeit of income—income sufficiency. This paper presents an income insufficiency index (Uiix) using the technique employed by Lorenz to calculate regions of surplus and the area of deficits, dividing them to create a new ratio. The new index is compared with standard measures of inequality using income to add more welfare substance using historical data from the Philippines from 1961 to 2012.

Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldeconomics.com/Journal/Papers/Article.details?ID=674 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:674

Access Statistics for this article

More articles in World Economics from World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE
Bibliographic data for series maintained by Ed Jones ().