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Amartya Sen "Equality," I spoke the word As if a wedding vow Ah, but I was so much older then, I am younger than that now. Thus sang Bob Dylan in 1964. Approbation of equality varies not only with our age (though it is not absolutely clear in which direction the values may shift over one's life time), but also with the spirit of the times. The 1960s were good years for singing in praise of equality. The spirit of the present times would probably be better reflected by melodies in admiration of the Federal Reserve System. And yet the technical literature on the evaluation and measurement of economic inequality has grown remarkably over the last three decades. Even as actual economic policies (especially in North America and Europe) have tended to move towards focusing on virtues other than the avoidance of economic inequality, the professional literature on assessing and gauging economic inequality has taken quite a jump forward. A great many different problems have been addressed and effectively sorted out, and new problems continue to be posed and analyzed. The Contents: A Review Jacques Silber has done a great service to the subject by producing this collection of admirablyhelpful and illuminating papers on different aspects of the measurement of income inequality. The reach of this collection is quite remarkable. Along with a thorough overview from the editor himself, the major areas in this complex field have been carefully examined and accessibly discussed.
Foreword; A. Sen. Introduction: Thirty Years of Intensive Research on Income Inequality; J. Silber. Acknowledgment. 1. The Rational Foundations of Income Inequality Measurement; S.-C. Kolm. 2. Linking the Functional and Personal Distributions of Income; C. Dagum. 3. Income Inequality Measurement: The Normative Approach; C. Blackorby, et al. 4. Measuring Inequality: The Axiomatic Approach; S.R. Chakravarty. 5. The Mathematical Foundations of Inequality Analysis; M. Le Breton. 6. Stochastic Dominance and the Lorenz Curve; P. Moyes. 7. The Measurement of Income Inequality: The Subjective Approach; Y. Amiel. 8. Income Inequality Measurement: The Statistical Approach; G.M. Giorgi. 9. Estimation of Inequality Indices; F.A. Cowell. 10. Parametric Approximations of the Lorenz Curve; H.K. Ryu, D.J. Slottje. 11. Tests of Significance for Lorenz Partial Orders; J.A. Bishop, J.P. Formby. 12. How Do Income Sources Affect Income Inequality? R.I. Lerman. 13. Inequality Decomposition by Population Subgroups and the Analysis of Interdistributional Inequality; J. Deutsch, J. Silber. 14. Equivalence Scales and Inequality; F.A. Cowell, M. Mercader-Prats. 15. Multidimensioned Approaches to Welfare Analysis; E. Maasoumi. 16. Redistributional Effect of Progressive Income Taxes; P.J. Lambert. 17. Lifetime versus Annual Income Distribution; J. Creedy. 18. Horizontal Inequity Measurement: A Basic Reassessment; S.P. Jenkins, P.J. Lambert.19. The Measurement of Income Mobility: An Introduction to the Literature; G.S. Fields, E.A. Ok. 20. Inequality, Welfare and Poverty: Three Interrelated Phenomena; N. Kakwani. Epilogue: Reflections on Income Inequality Measurement; A.B. Atkinson.