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Inequality: measurement

By Frank Cowell

Abstract

This article provides an overview of the key issues in inequality measurement and shows how theoretical concepts are related to practical judgements. The principal axioms of distributional analysis are used to show the social-welfare underpinnings of standard ranking principles and to derive families of inequality indices. Recent developments that focus on income differences and reference income levels are examined

Topics: H Social Sciences (General), HB Economic Theory
Publisher: Palgrave Macmillan
Year: 2008
OAI identifier: oai:eprints.lse.ac.uk:35803
Provided by: LSE Research Online
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