Measuring Income Inequality

Satya Chakravarty

Chapter Chapter 1 in Inequality, Polarization and Conflict, 2015, pp 1-31 from Springer

Abstract: Abstract Chapter 1 begins by presenting axioms for an index of inequality, and then it analyzes alternative approaches to the measurement of inequality. A discussion on subgroup decomposable inequality indices that can be broken down into between-group and within-group components of inequality for any partitioning of the population into some well-defined subgroups is also presented. There is as well a discussion on stochastic dominance relations and their equivalences with welfare orderings of income distributions.

Keywords: Axioms; Indices; Lorenz and generalized Lorenz orderings; Stochastic dominance; Social welfare functions; Subgroup decomposability (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:esichp:978-81-322-2166-1_1

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DOI: 10.1007/978-81-322-2166-1_1

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