Extreme values, means, and inequality measurement

d'ambrosio, Conchita; Bossert, Walter; Kamaga, Kohei

Reference : Extreme values, means, and inequality measurement


	Document type :	Scientific journals : Article
	Discipline(s) :	Business & economic sciences : Social economics
	To cite this reference:	http://hdl.handle.net/10993/44203

Title :	Extreme values, means, and inequality measurement
Language :	English
Author, co-author :	d'ambrosio, Conchita [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
	Bossert, Walter [Université de Montréal - UdeM]
	Kamaga, Kohei [Sophia University, Tokyo]
Publication date :	2021
Journal title :	Review of Income and Wealth
Publisher :	Blackwell
Volume :	67
Pages :	564-590
Peer reviewed :	Yes (verified by ORBi^lu)
Audience :	International
ISSN :	0034-6586
e-ISSN :	1475-4991
City :	Oxford
Country :	United Kingdom
Keywords :	[en] Economic Index Numbers ; Mean Values ; Luxembourg Income Study
Abstract :	[en] We examine some ordinal measures of inequality that are familiar from the literature. These measures have a quite simple structure in that their values are determined by combinations of specific summary statistics such as the extreme values and the arithmetic mean of a distribution. In spite of their common appearance, there seem to be no axiomatizations available so far, and this paper is intended to fill that gap. In particular, we consider the absolute and relative variants of the range; the max-mean and the mean-min orderings; and quantile-based measures. In addition, we provide some empirical observations that are intended to illustrate that, although these orderings are straightforward to define, some of them display a surprisingly high correlation with alternative (more complex) measures.
Target :	Researchers
Permalink :	http://hdl.handle.net/10993/44203
FnR project :	FnR ; FNR12677653 > Conchita D'Ambrosio > FESI > Financial Strain and Economic Instability: Effects on Wellbeing and Behaviour over the Life Course > 01/09/2019 > 31/08/2022 > 2018

File(s) associated to this reference

Fulltext file(s):

	File	Commentary	Version	Size	Access
Open access	inequality_final.pdf		Author preprint	416.88 kB	View/Open

All documents in ORBi^lu are protected by a user license.

University of Luxembourg Library | Feedback | Legal notices