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Inequality in Dual Economy Models

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  • Fields, Gary S

Abstract

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.

Suggested Citation

  • Fields, Gary S, 1993. "Inequality in Dual Economy Models," Economic Journal, Royal Economic Society, vol. 103(420), pages 1228-1235, September.
    • Handle: RePEc:ecj:econjl:v:103:y:1993:i:420:p:1228-35
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    Citations

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    Cited by:

    1. Lewis S. Davis, 2004. "Explaining the Evidence on Inequality and Growth: Informality and Redistribution," DEGIT Conference Papers c009_032, DEGIT, Dynamics, Economic Growth, and International Trade.
    2. Eicher, Theo S. & Garcia-Penalosa, Cecilia, 2001. "Inequality and growth: the dual role of human capital in development," Journal of Development Economics, Elsevier, vol. 66(1), pages 173-197, October.
    3. Fields, Gary S., 2007. "How much should we care about changing income inequality in the course of economic growth?," Journal of Policy Modeling, Elsevier, vol. 29(4), pages 577-585.
    4. Vicente-Perdiz, Juan & Rubio Sanz, Maria Teresa & Decimavilla Herrero, Esther, 2010. "World’ Growth and Inequalities/Crecimiento mundial y desigualdades," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 28, pages 485(14á).-4, Agosto.
    5. Juan Vicente & Luis Borge, 2000. "Inequality and growth: inverted and uninverted U-shapes," Applied Economics Letters, Taylor & Francis Journals, vol. 7(8), pages 497-500.
    6. Chan, Terence, 2022. "On a new class of continuous indices of inequality," Mathematical Social Sciences, Elsevier, vol. 120(C), pages 8-23.
    7. Kimhi, Ayal, 2004. "Growth, Inequality and Labor Markets in LDCs: A Survey," Discussion Papers 289990, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    8. Theo S Eicher & Cecilia Garcia Penalosa, "undated". "Inequality and Growth," Working Papers 0083, University of Washington, Department of Economics.
    9. Juan Vicente-Perdiz & Luis M. Borge, 2000. "Desarrollo y desigualdad con progreso técnico," Investigaciones Economicas, Fundación SEPI, vol. 24(3), pages 709-726, September.
    10. Bosmans, Kristof, 2007. "Income inequality, quasi-concavity, and gradual population shifts," Mathematical Social Sciences, Elsevier, vol. 53(1), pages 29-45, January.

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