A Dominance Criterion for Measuring Income Inequality from a Centrist View: The Case of Australia
Survey
HILDA
Author(s)
Date Issued
2012-02
Pages
22
Keywords
Inequality
Intermediate
Abstract
This paper introduces a new Lorenz dominance criterion that allows ranking income distributions according to centrist measures à la Seidl and Pfingsten (1997). In doing so, it defines α -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 centrist value judgments.
External resource (Link)
ISBN
ISBN 978-0-7340-4263-7/ ISSN 1447-5863 (Online)
Subject Keywords
DSS Main category
DSS Sub-category
Type
Reports and technical papers
