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MULTIDIMENSIONAL INEQUALITY: DISCUSSING THE DEVELOPMENT OF AN INDEX

ABSTRACT

The multidimensional approach of inequality presumes that income is not the only determinant of the life’s standard of individuals. This article discusses the relatively marginal position of inequality in economics and highlights the aggregate and disaggregate ways of building a multidimensional index of inequality. Based on the literature on the subject, it analyzes the economic controversies about inequality to justify the choice of variables, dimensions, and attributes to be included in the index of multidimensional index, as the goal is to inform better the political policies aimed to reduce it.

KEYWORDS:
inequality; multidimensional inequality; inequality index

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