A comparison of inequality measurement techniques
AbstractThere are numerous statistical techniques designed for the measurement of inequality. Each individual index has a unique set of properties which can make the choice of an appropriate measure difficult. This paper reviews the desirable properties for inequality indices to exhibit and proposes an additional characteristic that an effective measure may satisfy. Existing inequality measures are assessed against these criteria and a new technique that satisfies all desirable properties is proposed. An empirical demonstration of the proposed measure is provided.
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Bibliographic InfoPaper provided by School of Economics, University of Queensland, Australia in its series Discussion Papers Series with number 377.
Date of creation: 2008
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-11-04 (All new papers)
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