An inter-temporal relative deprivation index
AbstractThe paper provides the axiomatic characterization of a new relative deprivation index. The concept of relative deprivation is here extended towards the inter-temporal framework. In fact, if we agree that deprivation is a relative concept, we should also believe that individuals not only take care of their relative position with respect to others, but also of their relative position with respect to their own past. While in the traditional relative deprivation framework the reference group is only other-regarding, in our work we stretch this idea and we also introduce a history-regarding reference group. The new index is illustrated with an application to EU countries.
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Bibliographic InfoPaper provided by ECINEQ, Society for the Study of Economic Inequality in its series Working Papers with number 237.
Length: 25 pages
Date of creation: 2011
Date of revision:
Relative Deprivation; Inter-temporal Measurement; Distribution; Axioms.;
Find related papers by JEL classification:
- I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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