Notes on the postulate of the monotonicity in distance in inequality
Bulletin of Economic Research(2022)
Abstract
In this paper, we strengthen Cowell and Flachaire's observation regarding the failure to satisfy Cowell's "monotonicity in distance" postulate by several well-known inequality indices. We also identify a general analytical reason for this failure to arise.
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Key words
Bonferroni index, Gini index, generalized entropy family, monotonicity in distance
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