Abstract
A new index of relative deprivation is derived axiomatically. Thanks to an asymptotically concave individual contribution function, the new measure provides a sounder quantification to the concept of relative deprivation as conceptualized in the seminal work of Runciman (1966) and better reflects the sociological connotations of the phenomenon.
Original language | English |
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Pages (from-to) | 632-639 |
Number of pages | 8 |
Journal | Review of Income and Wealth |
Volume | 56 |
Issue number | 3 |
DOIs | |
Publication status | Published - Sep 2010 |