Income inequality measures and the middle class

Decomposable Income Inequality Measures

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Income inequality measures.

The Gini coefficient has been the most popular method for operationalising income inequality in the public health literature. However, a number of alternative methods exist, and they offer researchers the means to develop a more nuanced understanding of the distribution of income. Income inequality measures such as the generalised entropy index and the Atkinson index offer the ability to examin...

ON TRUNCATED MEASURES OF INCOME INEQUALITY FROM A FUZZY PERSPECTIVE

In most statistical analysis, inequality or extent of variation in income isrepresented in terms of certain summary measures. But some authors arguedthat the concept of inequality is vague and thus cannot be measured as anexact concept. Therefore, fuzzy set theory provides naturally a useful toolfor such circumstances. In this paper we have introduced a real-valued fuzzymethod of illustrating t...

Income inequality: Trends and Measures Key Points

Does Inequality Harm the Middle-Class?

The paper provides estimates of the effect of economic inequality on middle class well being in Switzerland. Economic well being is proxied by a person’s satisfaction with his/her income. Two inequality indicators are used, one standard (the Gini coefficient of the pre-tax income distribution) and one novel (the number of luxury car registrations per 1000 population). Identification is through ...