On a Distance Function-Based Inequality Measure in the Spirit of the Bonferroni and Gini Indices
Sreenivasan Subramanian
No wp-2012-062, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
Abstract:
A natural way of viewing an inequality or a poverty measure is in terms of the vector distance between an actual (empirical) distribution of incomes and some appropriately normative distribution (reflecting a perfectly equal distribution of incomes, or a distribution with the smallest mean that is compatible with a complete absence of poverty). Real analysis offers a number of distance functions to choose from.
Keywords: Equality and inequality; Income; Poverty measurement; Public welfare (search for similar items in EconPapers)
Date: 2012
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