We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the … the set of all feasible thresholds, accounting for the "cost in terms of welfare" of achieving these rights. We apply the …

Income variablity reduces social welfare if individuals are risk averse, and it is likely to increase inequality if … welfare and wage data from Mexico, this note shows that it is easier for safety nets to offset the impact of risk on wage … inequality than on welfare. This is because apart from its impact on inequality, risk reduces the certainty equivalent income of …

This paper extends the previous literature on the normative links between the measurement of poverty, social welfare … poverty may be interpreted as a robust ranking of social welfare, and a robust ranking of relative poverty may be interpreted … maximum poverty line is bounded and for certain orders of stochastic dominance, so long as social welfare and inequality …

This paper extends the previous literature on the normative links between the measurement of poverty, social welfare … poverty may be interpreted as a robust ranking of social welfare, and a robust ranking of relative poverty may be interpreted … maximum poverty line is bounded and for certain orders of stochastic dominance, so long as social welfare and inequality …

This paper extends the previous literature on the ethical links between the measurement of poverty, social welfare and … poverty may be interpreted as a robust ranking of social welfare, and a robust ranking of relative poverty may be intepreted …

This paper provides a test of efficiency of consumption decisions in households with many decision-makers. It also …