A class of proximity-sensitive measures of relative deprivation Bonn, September

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.


Subject(s):
Issue Date:
Sep 26 2017
Publication Type:
Working or Discussion Paper
Language:
English
Total Pages:
16
JEL Codes:
D31; D33; D63; H23
Series Statement:
ISSN: 1436-9931




 Record created 2017-10-09, last modified 2017-10-09

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