Measures of Economic Inequality: Relative or Absolute? An analysis in Indian context
Journal Title: Scholars Journal of Arts, Humanities and Social Sciences - Year 2017, Vol 5, Issue 8
Abstract
Abstract: Should we consider only relative measure or absolute measure also in estimating economic inequality? Many researchers raise objection against two widely and conveniently used relative measures of inequality – the Gini coefficient and Lorenz curve. Many of them argue that both relative and absolute measures of inequality should be given equal importance in judging the real nature of inequality. This paper tries to take up this debate and to estimate the trends and patterns of inequality by considering both relative and absolute inequality in Lorenz-Gini family in rural and urban India and its major states from 1983 to 2011-12. This paper also tries to introduce the estimates of trends and patterns of combined inequality for India and its major states for the same period by combining the rural and urban sectors together. The estimates of relative and absolute inequality give contradictory trends in India and its states in some years. Thus, this paper proposes that we should always consider both relative and absolute measures simultaneously in inequality consideration. Keywords: Absolute inequality, Relative inequality, Rural inequality, Urban inequality, Combined inequality.
Authors and Affiliations
Aniruddha Kayet, Debasish Mondal
Keywords
Related Articles
- EP ID EP380170
- DOI -
- Views 100
- Downloads 0
The Politics of Higher Education in Ethiopia: Towards Questioning the Policy Line
Abstract: Education in Ethiopia in general and Higher Education in particular is infected with a plague. It is essential to figure out the nature of the plague, diagnose it and find a remedy for it. The manner education...
Witchcraft in Western Rural China: An Investigation in County M
Abstract: Witchcraft, a primitive religious phenomenon dating to the origins of mankind, has not vanished in the modern era, but survives in many places, including rural China. This article examines patterns of witchcraf...
Christian Churches and Leprosy Control in Anglophone Cameroon: The Case of the Manyemen Leprosarium, 1954-1992
Abstract: This paper examines the role of Christian churches in the campaign against leprosy in Anglophone Cameroon. The study uses the Manyemen Leprosarium as a case study, showing that apart from churches’ involvement...
Performance of MGNREGA: A Comparative Study of Gujarat and Bihar
Abstract: Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is preliminary right based approach to provide legal right of employment opportunity for rural labour. It integrates the different earlier employ...
Religious Actors and Implementation of 2002 Kaduna Peace Declaration
Abstract:Implementation of 2002 Kaduna peace declaration is central to establishing sustainable peace. Thus, activities of religious actors were fundamental to rebuilding of good communities’ relationship and development...