Mirror, mirror, on the wall, who in this land is fairest of all? Revisiting the extended concentration index
AbstractThis paper explores three alternative indices for measuring health inequalities in a way that takes into account attitudes towards inequality. Firstly, we revisit the extended concentration index which has been proposed to generalise the value judgements implicit in the standard concentration index. We then examine two alternative measures which have desirable mirror properties. One of these indices applies symmetric weights which is a property of the standard concentration index. We also examine the bias that arises when all three measures are applied to small samples. We propose a correction for this small sample bias and use Monte Carlo simulations to check whether it works. We empirically compare the different indices for under-five mortality rates in developing countries.
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Bibliographic InfoPaper provided by University of Antwerp, Faculty of Applied Economics in its series Working Papers with number 2010015.
Length: 48 pages
Date of creation: Jul 2010
Date of revision:
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Postal: Prinsstraat 13, B-2000 Antwerpen
Web page: https://www.uantwerp.be/en/faculties/applied-economic-sciences/
More information through EDIRC
Health inequality; Socioeconomic inequality; Extended concentration index; Inequality aversion; Small-sample bias;
Find related papers by JEL classification:
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- I19 - Health, Education, and Welfare - - Health - - - Other
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
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Health, Econometrics and Data Group (HEDG) Working Papers
05/12, HEDG, c/o Department of Economics, University of York.
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