Lorenz Dominance and the Variance of Logarithms

Efe Ok and James Foster ()

Working Papers from C.V. Starr Center for Applied Economics, New York University

Abstract: The variance of logarithms is a widely used inequality measure which is well known to disagree with the Lorenz criterion. Up to now, the extent and likelihood of this inconsistency were thought to be vanishingly small. We find that this view is mistaken : the extent of the disgreement can be extremely large; the likelihood is far from negligible.

Keywords: STATISTICS; MEASUREMENT (search for similar items in EconPapers)
JEL-codes: C43 D63 (search for similar items in EconPapers)
Pages: 17 pages
Date: 1997
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Journal Article: Lorenz Dominance and the Variance of Logarithms (1999)
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