Dynamic Measures of Individual Deprivation

Walter Bossert and Conchita D’ambrosio,
Authors registered in the RePEc Author Service: Conchita D'Ambrosio

Cahiers de recherche from Centre interuniversitaire de recherche en économie quantitative, CIREQ

Abstract: We introduce and axiomatize a one-parameter class of individual deprivation measures. Motivated by a suggestion of Runciman, we modify Yitzhaki’s index by multiplying it by a function that is interpreted as measuring the part of deprivation generated by an agent’s observation that others in its reference group move on to a higher level of income than itself. The parameter reflects the relative weight given to these dynamic considerations, and the standard Yitzhaki index is obtained as a special case. In addition, we characterize more general classes of measures that pay attention to this important dynamic aspect of deprivation.

Keywords: deprivation; equity; individual well-being (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2005
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Dynamic Measures of Individual Deprivation (2007)
Working Paper: Dynamic Measures of Individual Deprivation (2005)
Working Paper: Dynamic Measures of Individual Deprivation (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:mtl:montec:11-2005

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