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Measuring Income Inequality

In: Inequality, Polarization and Conflict

Author

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  • Satya R. Chakravarty

    (Indian Statistical Institute)

Abstract

Chapter 1 begins by presenting axioms for an index of inequality, and then it analyzes alternative approaches to the measurement of inequality. A discussion on subgroup decomposable inequality indices that can be broken down into between-group and within-group components of inequality for any partitioning of the population into some well-defined subgroups is also presented. There is as well a discussion on stochastic dominance relations and their equivalences with welfare orderings of income distributions.

Suggested Citation

  • Satya R. Chakravarty, 2015. "Measuring Income Inequality," Economic Studies in Inequality, Social Exclusion, and Well-Being, in: Inequality, Polarization and Conflict, edition 127, chapter 0, pages 1-31, Springer.
    • Handle: RePEc:spr:esichp:978-81-322-2166-1_1
    DOI: 10.1007/978-81-322-2166-1_1
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