This paper examines the measurement of social welfare, poverty and inequality taking into account reference … differences between standard poverty and inequality measures based on observed income and measures that are calculated based on …

fairness principles, namely equality of opportunity and freedom from poverty, into a joint measure of unfair inequality. Two … inequality. Second, average unfair inequality doubles when complementing the ideal of an equal opportunity society with poverty …

around a constant income distribution to illustrate why standard measures of poverty, built on the intuitions of unchanging …

analyze the effects of a higher minimum wage in terms of poverty rather than in terms of unemployment. Second, we extend the … in which a higher minimum wage raises poverty, others where it reduces poverty, and yet others in which poverty is … unchanged. We characterize precisely how the poverty effect depends on four parameters: the degree of poverty aversion, the …