Intermediate inequality and welfare
We introduce a new centrist or intermediate inequality concept, between the usual relative and absolute notions, which is shown to be a variant of the -ray invariant inequality measures in Pfingsten and Seidl (1997). We say that distributions x and y have the same (x, )-inequality if the total income difference between them is allocated among the individuals as follows: 100% preserving income shares in x, and 100(1-)% in equal absolute amounts. This notion can be made as operational as current standard methods in Shorrocks (1983).
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Volume (Year): 17 (2000)
Issue (Month): 2 ()
|Note:||Received: 13 May 1998/Accepted: 25 January 1999|
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