A class of proximity-sensitive measures of relative deprivation

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Dateien:
Aufrufstatistik

URI: http://hdl.handle.net/10900/77797
http://nbn-resolving.de/urn:nbn:de:bsz:21-dspace-777974
http://dx.doi.org/10.15496/publikation-19197
Dokumentart: Aufsatz
Date: 2017-09-11
Source: University of Tübingen Working Papers in Economics and Finance ; No. 101
Language: English
Faculty: 6 Wirtschafts- und Sozialwissenschaftliche Fakultät
Department: Wirtschaftswissenschaften
DDC Classifikation: 330 - Economics
Keywords: Economics
Other Keywords:
Income distribution
Relative deprivation
Sensitivity to the proximity of changes in others’ incomes
License: Publishing license excluding print on demand
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Abstract:

We introduce a new class of generalized measures of relative deprivation. The class takes the form of a power mean of order p. A characteristic of the class is that depending on the value of the proximity-sensitive parameter p, the class is capable of accommodating both a decreasing weight (the case of p > 1), and an increasing weight (the case of p ∈ (0,1)) accorded to given changes in the incomes of the individuals who are wealthier than the reference individual, depending on their proximity in the income distribution to the reference individual.

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