Research & Publications Office to host seminar on ‘Social networks and experienced inequality’ on 12 September
The talk will be delivered by Prof. Anand Shrivastava, Azim Premji University
3 September, 2024, Bengaluru: The Office of Research and Publications (R&P) at IIM Bangalore will host a research seminar on, ‘Social networks and experienced inequality’, to be led by Prof. Anand Shrivastava, Azim Premji University, Bangalore (Economics area), at 2.30 pm on 12 September 2024, at Classroom P-22.
Abstract: Traditional measures of inequality, such as the Gini coefficient, involve pairwise comparisons across all members of a given population. But most people possess information about, and therefore experience inequality in comparison with, only a subset of the population. In this paper, the researchers provide simple axioms to describe inequality as experienced in social networks. Consistent with these axioms, they propose an index to measure aggregate experienced inequality. They go on to compute the Gini coefficient and experienced inequality in 75 villages in Karnataka, India. The researchers show that for a given wealth distribution, the social network could either accentuate or diminish experienced inequality. They show, first analytically and then empirically, how this can happen with respect to two network properties. First, wealth-based homophily is negatively associated with experienced inequality. Second, caste-based homophily is negatively associated with experienced inequality when within-caste inequality is less than the overall Gini coefficient (and positively associated when the opposite is true).
Speaker Profile: Prof. Anand Shrivastava teaches Economics at the School of Arts and Sciences. He completed his PhD at the University of Cambridge. He also has an MPhil and a Graduate Diploma in Economics from the University of Cambridge and a B Tech in Mechanical Engineering from the Indian Institute of Technology, Madras.
Webpage Link: https://azimpremjiuniversity.edu.in/people/anand-shrivastava
Research & Publications Office to host seminar on ‘Social networks and experienced inequality’ on 12 September
The talk will be delivered by Prof. Anand Shrivastava, Azim Premji University
3 September, 2024, Bengaluru: The Office of Research and Publications (R&P) at IIM Bangalore will host a research seminar on, ‘Social networks and experienced inequality’, to be led by Prof. Anand Shrivastava, Azim Premji University, Bangalore (Economics area), at 2.30 pm on 12 September 2024, at Classroom P-22.
Abstract: Traditional measures of inequality, such as the Gini coefficient, involve pairwise comparisons across all members of a given population. But most people possess information about, and therefore experience inequality in comparison with, only a subset of the population. In this paper, the researchers provide simple axioms to describe inequality as experienced in social networks. Consistent with these axioms, they propose an index to measure aggregate experienced inequality. They go on to compute the Gini coefficient and experienced inequality in 75 villages in Karnataka, India. The researchers show that for a given wealth distribution, the social network could either accentuate or diminish experienced inequality. They show, first analytically and then empirically, how this can happen with respect to two network properties. First, wealth-based homophily is negatively associated with experienced inequality. Second, caste-based homophily is negatively associated with experienced inequality when within-caste inequality is less than the overall Gini coefficient (and positively associated when the opposite is true).
Speaker Profile: Prof. Anand Shrivastava teaches Economics at the School of Arts and Sciences. He completed his PhD at the University of Cambridge. He also has an MPhil and a Graduate Diploma in Economics from the University of Cambridge and a B Tech in Mechanical Engineering from the Indian Institute of Technology, Madras.
Webpage Link: https://azimpremjiuniversity.edu.in/people/anand-shrivastava