Unit‐Consistent Decomposable Inequality Measures
Bibliographic Data
| ID | 9724286 |
|---|---|
| Authors | Buhong Zheng (0000-0001-6616-1147, University of Colorado Denver, corresponding author) |
| Year | 2007 |
| Volume | 74 |
| Issue | 293 |
| Pages | 97-111 |
| Publication date | 2007-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0335.2006.00524.x |
| OpenAlex | W2084576437 |
| Language | EN |
| Citations received | 14 |
| References cited | 16 |
This paper introduces a new axiom—the unit consistency axiom—into inequality measurement. This new axiom requires the ordinal inequality rankings (rather than the cardinal indices) to be unaffected when incomes are expressed in different units. I argue that unit consistency is an indispensable axiom for the measurement of income inequality. When unit consistency is combined with decomposability, I show that the unit‐consistent decomposable class of inequality measures is a two‐parameter extension of the one‐parameter generalized entropy class. The extended class accommodates a variety of value judgments and includes different types of inequality measures
Axiom · Axiom independence · Class (philosophy) · Consistency (knowledge bases) · Data mining · Discrete mathematics · Econometrics · Entropy (arrow of time) · Extension (predicate logic) · Inequality · Log sum inequality · Mathematical analysis · Mathematical economics · Measure (data warehouse) · Unit (ring theory) · Computer Science · Economic theories and models · Income, Poverty, and Inequality · Mathematics · Social and Economic Development in India
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| Unique citing works | 14 |
|---|---|
| Citations per year | 0,78 |
| Citation span | 2008 - 2025 (18) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 12 |