Unlike aversion to inequality, aversion to poverty resists formalization in welfare economics. One way to assign … normative significance to the poverty line is to allow the welfare measure to exhibit a discrete loss from poverty (DLP) at z … valued welfare measure. It proposes a lexicographic L*-ordering, where the first rank criterion corresponds to an inequality …

, their distribution and poverty depend very crucially on the hypothesis made on the evolution of returns to education and …

of labour is near- zero and productivity of land provides only subsistence. Poverty keeps consumption and savings low …

, namely the literature on the use of equivalence scales and the one on poverty measurement. We also critically examine some …

in the social spirit and prowess, so much needed to benefit from globalization. Acute poverty is the major structural … links to the market. Poverty cripples the very foundations of these possibilities. Therefore, under the prevailing …

(if everybody's income goes up, who cares if inequality is up too?), and the argument is made that only poverty … poverty solely and not with inequality is internally inconsistent. …This note is motivated by recent arguments made by Martin Feldstein in which the relevance of inequality is dismissed …

his reputation for truthtelling, we show that the larger is the inequality, the less information can credibly be … transmitted to the policymaker. We also investigate the effects of inequality on welfare and discuss the welfare effects of …