Calculate the Atkinson index A(ε) = 1 – (1/μ)[∑(yᵢⁿ)^(1/n)]^(1/(1-ε)) for measuring income inequality with explicit inequality aversion parameter ε. Higher ε gives more weight to transfers at the bottom of the distribution.
Enter the values for the scenario you are assessing. Calculate the Atkinson index A(ε) = 1 – (1/μ)[∑(yᵢⁿ)^(1/n)]^(1/(1-ε)) for measuring income inequality with explicit inequality aversion parameter ε. Higher ε gives more weight to transfers at the bottom of the distribution. Use the atkinson index result to inform your calculation.