Measuring inequality in society

Chan, Ka Ching and Lenard, Christopher T. and Mills, Terence M. and Williams, Ruth F. G. (2018) Measuring inequality in society. Communications in Statistics: Theory and Methods. ISSN 0361-0926

Abstract

Governments develop policies to reduce unwarranted inequalities in society. Hence, there is a need for well-founded measures of inequality to monitor the impact of such policies. The discipline of economics has developed many such measures over the last century. Although these measures have focused on measuring inequality of incomes, they can be adapted to other economic variables. In this multidisciplinary, review paper, we present an introduction to measures of economic inequality from a mathematical perspective, and highlight their policy implications. This is an area in which mathematics and economics can contribute to justice and fairness in society.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Published online: 10 Nov 2018. Permanent restricted access to ArticleFirst version, in accordance with the copyright policy of the publisher.
Faculty/School / Institute/Centre: Current - Faculty of Business, Education, Law and Arts - School of Management and Enterprise
Date Deposited: 11 Feb 2019 23:41
Last Modified: 14 Feb 2019 02:15
Uncontrolled Keywords: inequality; economics; Lorenz; Gini; Atkinson; Theil
Fields of Research : 01 Mathematical Sciences > 0104 Statistics > 010401 Applied Statistics
14 Economics > 1403 Econometrics > 140302 Econometric and Statistical Methods
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9101 Macroeconomics > 910106 Income Distribution
Identification Number or DOI: 10.1080/03610926.2018.1501486
URI: http://eprints.usq.edu.au/id/eprint/35096

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