Ray-invariant intermediate inequality measures: A Lorenz dominance criterion
This paper introduces a new Lorenz dominance criterion that allows ranking income distributions according to ray-invariant intermediate inequality measures. In doing so, it defines a-Lorenz curves by adapting the generalized Lorenz curves to this case. In addition, it provides an empirical illustration of these tools using Australian income data for the period 2001-2008. The results suggest that despite the reduction of relative inequality, inequality increased for most ray-invariant intermediate value judgments.
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- Coral del Río & Olga Alonso-Villar, 2007.
"New Unit-Consistent Intermediate Inequality Indices,"
63, ECINEQ, Society for the Study of Economic Inequality.
- Coral Río & Olga Alonso-Villar, 2010. "New unit-consistent intermediate inequality indices," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 42(3), pages 505-521, March.
- Coral del Río & Olga Alonso-Villar, 2007. "Rankings of Income Distributions: A Note on Intermediate Inequality Indices," Working Papers 68, ECINEQ, Society for the Study of Economic Inequality.
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- Satya Chakravarty & Swami Tyagarupananda, 2009. "The subgroup decomposable intermediate indices of inequality," Spanish Economic Review, Springer;Spanish Economic Association, vol. 11(2), pages 83-97, June.
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