Abstract Income share elasticity is a function π which can describe the size distribution of income (Esteban in Intern Econ Rev 27:439–444, 1986). On the other hand, the conventional density representation of the latter gives parameters of first or second order stochastic dominance (SD), widely used to describe shifts in income distribution, to which inequality measures are attached. The paper draws a link between the two, by providing conditions such that a given shift to π is equivalent to a first or second order SD shift of the distribution of income. Some applications to Lorenz rankings are also provided.

Income Share Elasticity and Stochastic Dominance

CHIRCO, Alessandra
2006

Abstract

Abstract Income share elasticity is a function π which can describe the size distribution of income (Esteban in Intern Econ Rev 27:439–444, 1986). On the other hand, the conventional density representation of the latter gives parameters of first or second order stochastic dominance (SD), widely used to describe shifts in income distribution, to which inequality measures are attached. The paper draws a link between the two, by providing conditions such that a given shift to π is equivalent to a first or second order SD shift of the distribution of income. Some applications to Lorenz rankings are also provided.
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11587/105614
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 4
  • ???jsp.display-item.citation.isi??? 4
social impact