Multidimensional Generalized Gini Indices
Loading...
Date
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Vanderbilt University
Abstract
The axioms used to characterize the generalized Gini social evaluation orderings for one-dimensional distributions are extended to the multidimensional attributes case. A social evaluation ordering is shown to have a two-stage aggregation representation if these axioms and a separability assumption are satisfied. In the first stage, the distributions of each attribute are aggregated using generalized Gini social evaluation functions. The functional form of the second-stage aggregator depends on the number of attributes and on which version of a comonotonic additivity axiom is used. The implications of these results for the corresponding multidimensional indices of relative and absolute inequality are also considered.
Description
Keywords
Generalized Gini, multidimensional inequality, JEL Classification Number: D63