The Social Welfare Implications of the Zenga Index

Autor:	Greselin, Francesca, Pellegrino, Simone, Vernizzi, Achille
Rok vydání:	2020
Předmět:	Economics - General Economics Statistics - Methodology
Druh dokumentu:	Working Paper
Popis:	We introduce the social welfare implications of the Zenga index, a recently proposed index of inequality. Our proposal is derived by following the seminal book by Son (2011) and the recent working paper by Kakwani and Son (2019). We compare the Zenga based approach with the classical one, based on the Lorenz curve and the Gini coefficient, as well as the Bonferroni index. We show that the social welfare specification based on the Zenga uniformity curve presents some peculiarities that distinguish it from the other considered indexes. The social welfare specification presented here provides a deeper understanding of how the Zenga index evaluates the inequality in a distribution. Comment: 14 pages
Databáze:	arXiv
Externí odkaz:	http://arxiv.org/abs/2006.12623 Zobrazit plný text záznamu View this record from Arxiv