Income inequality measures and welfare functions of income
Chapter 2 has shown that the different measures of income inequality all imply specific weights for specific income levels. Thus, implicitly a normative statement is introduced into the measurement. As already stated, it is of crucial importance to make the implied weights as explicit as possible. This was aimed at above, to facilitate assessment of the results.
KeywordsIncome Inequality Income Distribution Individual Welfare Inequality Measure Welfare Level
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