Inequality in Dual Economy Models | Zendy

Gary S. Fields | Zendy

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Inequality in Dual Economy Models

Author(s) -

Gary S. Fields

Publication year - 1993

Publication title -

the economic journal

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 4.683

H-Index - 160

eISSN - 1468-0297

pISSN - 0013-0133

DOI - 10.2307/2234248

Subject(s) - inequality , dual (grammatical number) , economics , dual economy , volume (thermodynamics) , mathematical economics , mathematics , economic growth , art , mathematical analysis , literature , physics , quantum mechanics

This paper seeks to make more precise the notion of inequality by asking how inequality ought to behave under certain kinds of income changes. These view are derived axiomatically from the Lorenz properties and from additional considerations of 'elitism of the rich' and 'isolation of the poor.' Although several alternative patterns are generated, six commonly used inequality measures accord with one particular inequality pattern. Inequality measures can be formulated to represent the other inequality patterns; a class of such measures is displayed. Copyright 1993 by Royal Economic Society.

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