Income Inequality Metrics - Properties of Inequality Metrics

Properties of Inequality Metrics

In the economic literature on inequality four properties are generally postulated that any measure of inequality should satisfy:

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    A drop of water has the properties of the sea, but cannot exhibit a storm. There is beauty of a concert, as well as of a flute; strength of a host, as well as of a hero.
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    A drop of water has the properties of the sea, but cannot exhibit a storm. There is beauty of a concert, as well as of a flute; strength of a host, as well as of a hero.
    Ralph Waldo Emerson (1803–1882)

    Love is a great thing. It is not by chance that in all times and practically among all cultured peoples love in the general sense and the love of a man for his wife are both called love. If love is often cruel or destructive, the reasons lie not in love itself, but in the inequality between people.
    Anton Pavlovich Chekhov (1860–1904)