In this paper, the method of deriving the parameter ε of inequality aversion from a parametric distribution of incomes is proposed. It is assumed that a social decision-maker appraises welfare in income distributions by means of the constant inequality aversion utility function and that incomes...

This paper computes asset-based inequality for 44 African countries in multiple waves using over a million household histories to study inequality between and within countries. It decomposed within country inequality into components deemed to represent opportunities and those attributed to...