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Generalized gini inequality indices
Authors:John A Weymark
Institution:Center for Operations Research and Econometrics, Université Catholique de Louvain, B-1348 Louvain-la-Neuve, Belgium;Department of Economics, Duke University, Durham, NC 27706, U.S.A.
Abstract:When incomes are ranked in descending order the social-evaluation function corresponding to the Gini relative inequality index can be written as a linear function withthe weights being the odd numbers in increasing order. We generalize this function by allowing the weights to be an arbitrary non-decreasing sequence of numbers. This results in a class of generalized Gini relative inequality indices and a class of generalized Gini absolute inequality indices. An axiomatic characterization of the latter class is also provided.
Keywords:Index of inequality  Gini coefficient  Distribution of incomes  Social-evaluation function
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