Ray-invariant intermediate inequality measuresA Lorenz dominance criterion

  1. Azpitarte, Francisco
  2. Alonso Villar, Olga
Book:
XIX Encuentro de Economía Pública: Políticas Públicas para la salida de la crisis

Publisher: Universidad de Santiago de Compostela

ISBN: 978-84-695-1574-7

Year of publication: 2012

Pages: 3

Congress: Encuentro de Economía Pública (19. 2012. Santiago de Compostela)

Type: Conference paper

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Abstract

This paper introduces a new Lorenz dominance criterion that allows ranking income distributions according to ray-invariant intermediate inequality measures. In doing so, it defines á-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 ray-invariant intermediate value judgments.

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