We introduce a one-parameter class of individual deprivation measures. Motivated by a suggestion of Runciman, we modify Yitzhaki's index by multiplying it by a function that is interpreted as measuring the part of deprivation generated by an agent's observation that others in his reference group move on to a higher level of income than himself. The parameter reflects the relative weight given to these dynamic considerations, and the standard Yitzhaki index is obtained as a special case. In addition, we characterize more general classes of measures that pay attention to this important dynamic aspect of deprivation.
Bossert, W., D'Ambrosio, C. (2007). Dynamic measures of individual deprivation. SOCIAL CHOICE AND WELFARE, 28(1), 77-88 [10.1007/s00355-006-0150-y].
Dynamic measures of individual deprivation
D'AMBROSIO, CONCHITA
2007
Abstract
We introduce a one-parameter class of individual deprivation measures. Motivated by a suggestion of Runciman, we modify Yitzhaki's index by multiplying it by a function that is interpreted as measuring the part of deprivation generated by an agent's observation that others in his reference group move on to a higher level of income than himself. The parameter reflects the relative weight given to these dynamic considerations, and the standard Yitzhaki index is obtained as a special case. In addition, we characterize more general classes of measures that pay attention to this important dynamic aspect of deprivation.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
