A class of proximity-sensitive measures of relative deprivation
| Autor: | Jakub Bielawski, Oded Stark, Fryderyk Falniowski |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
Class (set theory) 050402 sociology Power mean Welfare economics 05 social sciences medicine.disease_cause Increasing weight 0504 sociology Income distribution 0502 economics and business Statistics Economics medicine Order (group theory) 050207 economics Relative deprivation Value (mathematics) Finance |
| Zdroj: | Economics Letters. 160:105-110 |
| ISSN: | 0165-1765 |
| DOI: | 10.1016/j.econlet.2017.08.002 |
| Popis: | We introduce a new class of generalized measures of relative deprivation. The class takes the form of a power mean of order p . A characteristic of the class is that depending on the value of the proximity-sensitive parameter p , the class is capable of accommodating both a decreasing weight (the case of p > 1 ), and an increasing weight (the case of p ∈ ( 0,1 ) ) accorded to given changes in the incomes of the individuals who are wealthier than the reference individual, depending on their proximity in the income distribution to the reference individual. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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