Bowles, Samuel;
Carlin, Wendy;
(2023)
Axioms and Intuitions about Societal Inequality: What does the Gini Coefficient Measure?
Journal of Income Distribution
, 32
(3-4)
pp. 45-53.
10.25071/1874-6322.40591.
Preview |
Text
Bowles Carlin in Sethi Ray BC Axioms and intuitions about societal inequality What does the Gini coefficient measure Symposium Journal of Income Distribution.pdf - Other Download (301kB) | Preview |
Abstract
We show that Corrado Gini’s “concentration ratio” is an informative measure of experienced inequality that (as he pointed out) varies from one (his “maximum concentration”) to zero (“minimum concentration”), a feature that does not hold (except in infinite populations) for the measure advocated in the contribution to this symposium by our colleague, Debraj Ray. Through a social network representation of inequality and a series of examples, we clarify the differing intuitions about the nature of inequality that alternative measures of inequality capture.
| Type: | Article |
|---|---|
| Title: | Axioms and Intuitions about Societal Inequality: What does the Gini Coefficient Measure? |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.25071/1874-6322.40591 |
| Publisher version: | https://doi.org/10.25071/1874-6322.40591 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | experienced inequality, inequality aversion, social network |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10164055 |
Archive Staff Only
 |
View Item |
