This paper suggests generalizations of the Gini indices of "relative" and " "absolute" inequality. The new families of indices are based respect ively on the Lorenz curve and the generalized Lorenz curve. Each inde x is shown to rank income profiles in a given simplex according to so me strictly-concave, social-evaluation function, a property which the Gini indices fail to satisfy. Copyright 1988 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.
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Article provided by Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association in its journal International Economic Review.
Volume (Year): 29 (1988) Issue (Month): 1 (February) Pages: 147-56 Download reference. The following formats are available: HTML
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