Abstract
Inequality is a growing public concern and economic threat. The degree of which, however, varies greatly depending on the choice of indicators for measurement. In this paper, we compare the strength and weaknesses of the existing indicators such as income and wealth and propose a new measure of inequality based on household electricity consumption. We believe that our measure has the advantage of capturing both service flows and stock values of durables, embodying both the outcome and opportunity inequality, and confronting fewer measurement issues. The new inequality measure based on electricity consumption may complement the existing ones by providing a relatively complete and well-balanced picture of the overall welfare inequality.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
