Give desirable axiom for the paticular measure

Reference no: EM13189264

For each of the poverty measures ( Head Count, Head Count Ratio, Poverty Gap Ratio, Income Gap Ratio, Sen Index and P α- Class):

a. Show or explain whether or not the measure satisfies each of the five axioms we discussed (Anonymity, Scale Independence, Population Independence, Transfer Principle and Monotonicity). [ Note: a good way to do this might be to come up with small example populations and demonstrate the concept.]

b. For each axiom comment on whether or not this is a desirable axiom for the paticular measure under consideration.

Reference no: EM13189264

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