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Individual well-being is multidimensional and various aspects of the quality of life need to be jointly considered in its measurement. The axiomatic literature on the subject has proposed many indices of multidimensional poverty and deprivation and explored the properties that are at the basis...
Persistent link: https://www.econbiz.de/10010927907
We propose and characterize a generalization of the classical linear index of individual deprivation based on income shortfalls. Unlike the original measure, our class allows for increases in the income of a higher-income individual to have a stronger impact on a person’s deprivation the...
Persistent link: https://www.econbiz.de/10010616517