On the measurement of plutonomy

Makdissi, Paul and Yazbeck, Myra (2014) On the measurement of plutonomy. Social Choice and Welfare, 44 4: 703-717. doi:10.1007/s00355-014-0857-0

Author Makdissi, Paul
Yazbeck, Myra
Title On the measurement of plutonomy
Journal name Social Choice and Welfare   Check publisher's open access policy
ISSN 0176-1714
Publication date 2014-11-01
Year available 2014
Sub-type Article (original research)
DOI 10.1007/s00355-014-0857-0
Open Access Status
Volume 44
Issue 4
Start page 703
End page 717
Total pages 15
Place of publication Heidelberg, Germany
Publisher Springer
Collection year 2015
Language eng
Abstract Recently, a lot of attention is given to income variations occurring at the top of the income distribution. “What happens to the top 1 %?” is a question of crucial importance on the political level (Occupy Wall Street Movement) as well as on income inequality measurement level. Despite this increased interest, there is no rigorous measurement framework available in the literature for the measurement of plutonomy or “what happens to the top 1 %”. To fill this gap, this paper proposes a simple framework for the measurement of plutonomy. It exposes the ethical principles underlying plutonomy indices and develops restricted Lorenz dominance conditions that produce robust orderings of plutonomy between income distributions. Finally, the paper offers a brief empirical illustration using the World Top Incomes Database.
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2015 Collection
School of Economics Publications
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Citation counts: TR Web of Science Citation Count  Cited 1 times in Thomson Reuters Web of Science Article | Citations
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