A note on the 'Natural Rate of Subjective Inequality' hypothesis and the approximate relationship between the Gini coefficient and the Atkinson index

James Harvey

Discussion Papers from Department of Economics, University of York

Abstract: In a recent paper in this journal, Lambert et al (2003) sought to establish the Natural Rate of Subjective Inequality (NRSI) hypothesis. In this note, their test of the NRSI hypothesis is critically evaluated and an alternative reason is offered as to why their empirics appeared to support it. The findings, based on simulation, do not overturn the NRSI hypothesis, but indicate the need for deeper and more thorough analysis if this insightful and potentially far-reaching hypothesis is to be established.

Keywords: Natural rate of subjective inequality; inequality indices; simulation (search for similar items in EconPapers)
JEL-codes: C15 D30 O15 (search for similar items in EconPapers)
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Citations: View citations in EconPapers (8)

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