Showing 1 - 10 of 644
This paper develops a normative approach to the measurement of ex-ante inequality of opportunity in a multidimensional setting - that is, when the individual outcome is represented by a multidimensional variable. We characterize three classes of social welfare functions, all endorsing ex-ante...
Persistent link: https://www.econbiz.de/10012174008
The notion of multidimensional inequality has attracted attention lately, but mostly as a micro approach to measuring inequality in well-being in a more complete way. We argue that considering inequality in a multidimensional way from a macro perspective is useful for a better understanding of...
Persistent link: https://www.econbiz.de/10013469625
It is argued that the concept of well-being inequality cannot be properly defined without taking the referencing process into account. The reference effect depends on how frequently individuals compare with others and on the degree of social transparency in society. In this paper we employ the...
Persistent link: https://www.econbiz.de/10003944694
We propose that outcome utility and process utility can be distinguished and empirically measured. People gain procedural utility from participating in the political decision-making process itself, irrespective of the outcome. Nationals enjoy both outcome and process utility, while foreigners...
Persistent link: https://www.econbiz.de/10011398899
Some analysts use sequential dominance criteria, and others use equivalence scales in combination with non-sequential dominance tests, to make welfare comparisons of joint distributions of income and needs. In this paper we present a new sequential procedure which copes with situations in which...
Persistent link: https://www.econbiz.de/10011399324
We use several well-being measures that combine average income with a measure of inequality to undertake international, intertemporal, and global comparisons of well-being. The conclusions emerging from the analysis are that our well-being measures drastically change our impression of levels of...
Persistent link: https://www.econbiz.de/10011514115
This paper aims at measuring and analysing for the first time inequality in the distribution of expenditures among households in Togo according to the characteristics of household heads. The study is based on the most recent survey (QUIBB 2006) and the monetary well-being indicator used is total...
Persistent link: https://www.econbiz.de/10010434565
Empirical welfare analyses often impose stringent parametric assumptions on individuals' preferences and neglect unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for discrete choice that does not suffer from these...
Persistent link: https://www.econbiz.de/10012513281
We show that perceptions of relative rank in the wealth distribution shape individuals' willingness to take risks. Using a representative large-scale survey, we manipulate perceptions of relative standing by randomly varying response categories when asking respondents about their wealth level....
Persistent link: https://www.econbiz.de/10012603175
Using survey data from the China Family Panel Studies (CFPS) from 2010 to 2018, this paper analyzes the relationship between income inequality, group-specific income redistribution, and subjective well-being among China's urban, rural, and migrant populations. Using narrowly defined reference...
Persistent link: https://www.econbiz.de/10013285661