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Measures of Distributional Change: An Axiomatic Approach

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  • Frank A. Cowell

Abstract

Income mobility and horizontal inequity are two common examples of the phenomenon of "distributional change": the transformation of an "old" distribution vector into a "new" distribution vector. An attempt is made to supplement the sundry ad hoc methods of measuring this change with a system of axioms that might command support as general principles of measurement. Variants on the axiom system are examined and the associated class of measures is derived.

Suggested Citation

  • Frank A. Cowell, 1985. "Measures of Distributional Change: An Axiomatic Approach," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 52(1), pages 135-151.
    • Handle: RePEc:oup:restud:v:52:y:1985:i:1:p:135-151.
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