A class of proximity-sensitive measures of relative deprivation
Jakub Bielawski and
No 263992, Discussion Papers from University of Bonn, Center for Development Research (ZEF)
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: Public; Economics (search for similar items in EconPapers)
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Journal Article: A class of proximity-sensitive measures of relative deprivation (2017)
Working Paper: A class of proximity-sensitive measures of relative deprivation (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ubzefd:263992
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