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Measuring Inequality
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Measuring Inequality

Frank Cowell

Abstract

What do we mean by inequality comparisons? If the rich just get richer and the poor get poorer, the answer might seem easy. But what if the income distribution changes in a complicated way? Can we use mathematical or statistical techniques to simplify the comparison problem in a way that has economic meaning? What does it mean to measure inequality? Is it similar to National Income? Or price index? Is it enough just to work out the Gini coefficient? This book tackles these questions and examines the underlying principles of inequality measurement and its relation to welfare economics, distribu ... More

Keywords: inequality comparisons, National Income, price index, Gini coefficient, inequality measurement, welfare economics, distributional analysis, information theory, inequality analysis

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780199594030
Published to Oxford Scholarship Online: April 2015 DOI:10.1093/acprof:osobl/9780199594030.001.0001

Authors

Affiliations are at time of print publication.

Frank Cowell, author
Professor of Economics, London School of Economics and Political Science, UK