Income inequality and disparity in resource distribution have drawn a lot of attention recently in the United States. Today, we’ll investigate a variation on the theme, exploring the distribution of a ...
Social Choice and Welfare, Vol. 56, No. 3 (April 2021), pp. 487-508 (22 pages) This paper defines and characterizes the concept of an increase in inverse downside inequality and show that, when the ...
The Lorenz curve is a graphical tool that is used widely in econometrics. It represents the spread of a probability distribution, and its traditional use has been to characterize population ...
If you want to be remembered in economics, get yourself a curve. There’s the Lorenz curve, the Laffer curve, the Kuznets curve, and, probably most famous, the Phillips curve. Phillips was A.W.
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