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Measuring inequality in society

Author

Listed:
  • Ka Ching Chan
  • Christopher T. Lenard
  • Terence M. Mills
  • Ruth F. G. Williams

Abstract

Governments develop policies to reduce unwarranted inequalities in society. Hence, there is a need for well-founded measures of inequality to monitor the impact of such policies. The discipline of economics has developed many such measures over the last century. Although these measures have focused on measuring inequality of incomes, they can be adapted to other economic variables. In this multidisciplinary, review paper, we present an introduction to measures of economic inequality from a mathematical perspective, and highlight their policy implications. This is an area in which mathematics and economics can contribute to justice and fairness in society.

Suggested Citation

  • Ka Ching Chan & Christopher T. Lenard & Terence M. Mills & Ruth F. G. Williams, 2019. "Measuring inequality in society," Communications in Statistics - Theory and Methods, Taylor & Francis Journals, vol. 48(1), pages 88-99, January.
    • Handle: RePEc:taf:lstaxx:v:48:y:2019:i:1:p:88-99
    DOI: 10.1080/03610926.2018.1501486
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    Cited by:

    1. Lachlan Johnson & Richard Eccleston, 2023. "Interrogating inclusive growth: Implications for conceptualisation, measurement and policy practice," Australian Economic Papers, Wiley Blackwell, vol. 62(2), pages 362-376, June.
    2. Radatz, Laura & Baten, Joerg, 2023. "Measuring Multidimensional Inequality and Conflict in Africa and in a Global Comparison," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277637, Verein für Socialpolitik / German Economic Association.
    3. Parthasarathy, Balaji & Dey, Supriya & Gupta, Pranjali, 2021. "Overcoming wicked problems and institutional voids for social innovation: University-NGO partnerships in the Global South," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    4. Philip Arestis & Peter Phelps, 2023. "Local Financial Institutions and Income Inequality: Evidence from Brazil's Credit Cooperative Movement," Development and Change, International Institute of Social Studies, vol. 54(4), pages 739-779, July.
    5. Andrzej Tucki & Korneliusz Pylak, 2021. "Collective or Individual? What Types of Tourism Reduce Economic Inequality in Peripheral Regions?," Sustainability, MDPI, vol. 13(9), pages 1-16, April.
    6. George Petrakos & Kostas Rontos & Luca Salvati & Chara Vavoura & Ioannis Vavouras, 2024. "Income Inequality in the Over-Indebted Eurozone Countries and the Role of the Excessive Deficit Procedure," Open Economies Review, Springer, vol. 35(2), pages 301-322, April.
    7. Blotevogel, Robert & Imamoglu, Eslem & Moriyama, Kenji & Sarr, Babacar, 2022. "Income inequality measures and economic growth channels," Journal of Macroeconomics, Elsevier, vol. 72(C).
    8. Panagiotis Konstantinou & Anastasios Rizos & Artemis Stratopoulou, 2022. "Macroprudential policies and income inequality in former transition economies," Economic Change and Restructuring, Springer, vol. 55(2), pages 1005-1062, May.
    9. Dagim Tadesse Bekele, 2020. "Effect of Macroeconomic, Demographic, and Governance Factors on Income Inequality of Selected sub-Saharan Africa Countries," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 9(1), pages 60-70, September.

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