Showing 1 - 10 of 48
We examine individuals’ distributional orderings in a number of contexts. This is done by using a questionnaire-experiment that is presented to respondents in any one of seven “flavours” or interpretations of the basic distributional problem. The flavours include inequality, risk, social...
Persistent link: https://www.econbiz.de/10011071116
We examine the implications of three similar criteria that are commonly used in welfare economics and the analysis of inequality and poverty - income dominance, monotonicity and the Pareto principle - within the context of income-distribution comparisons. We show that whilst there is a simple...
Persistent link: https://www.econbiz.de/10010928650
It is known from the literature on uncertainty that in cases where individuals express a preference for a high win-probability bet over a bet with high winnings they nevertheless will bid more to obtain the bet with high winnings. We investigate whether a similar phenomenon applies in the...
Persistent link: https://www.econbiz.de/10010928778
Starting from the axiomatisation of polarisation contained in Esteban and Ray (1994) and Chakravarty and Majumdar (2001) we investigate whether people's perceptions of income polarisation is consistent with the key axioms. This is carried out using a questionnaire-experimental approach that...
Persistent link: https://www.econbiz.de/10010745093
Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using a novel mult-country questgionnaire experiment we examine the basis for this claim in terms of respondents' distributional perceptions. We show that in terms of both inequality...
Persistent link: https://www.econbiz.de/10010746203
According to standard theory founded on Harsanyi (1953, 1955) a social welfare function can be appropriately based on the individual’s approach to choice under uncertainty. We investigate whether people really do rank distributions according to the same principles irrespective of whether the...
Persistent link: https://www.econbiz.de/10010746323
We stablish a general relationship between the standard form of the individualistic social-welfare function and the "reduced-form" version that is expressed in terms of inequality and mean income. This shows the relationship between the property of monotonicity and the slope of the...
Persistent link: https://www.econbiz.de/10010746382
We examine the relationship between risk analysis and inequality analysis, using a questionnaire-experimental approach .The experiments focus on the effect of income transformations on the perceived rankings of income distri- butions in either a risk or inequality context. Both context and...
Persistent link: https://www.econbiz.de/10011071079
Inequality measurement involves explicit or implicit value judgements. The subjective approach to inequality measurement is a relatively new and fast-developing area which focueses direct attention on these judgements. It is 'subjective' in the sense that it takes accounts of peoples' views on...
Persistent link: https://www.econbiz.de/10010928600
Is there a trade-off between people's preference for income equality and income mobility? Testing for the existence of such a trade-off is difficult because mobility is a multifaceted concept. We analyse results from a questionnaire experiment based on simple precise concepts of income...
Persistent link: https://www.econbiz.de/10011125969