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welfare. We construct the Gini coefficient from socialpsychological building blocks, reformulating it as a ratio between a … welfare function, we are able to endow the function with a social-psychological underpinning, showing that this function, too … booster of social welfare in Sen's social welfare function. Quite surprisingly, we find that a marginal increase of income for …
Persistent link: https://www.econbiz.de/10014084076
welfare, and if social welfare is reduced by social stress, then lowering the Gini coefficient may not be the right course of …
Persistent link: https://www.econbiz.de/10014356662
Wildman (2021), who identifies "a clear association between income inequality [measured by the Gini coefficient] and COVID-19 cases and deaths," concludes that "a goal of government should be to reduce [income] inequalities and [thereby] improve [the COVID-19 outcomes /] underlying health of...
Persistent link: https://www.econbiz.de/10014347198
We offer an explanation for the inconclusive results of empirical studies into the relationship between the magnitude of the Gini coefficient of income distribution at origin and the intensity of migration. Bearing in mind the substantial literature that identifies relative deprivation as an...
Persistent link: https://www.econbiz.de/10012843161
situation in which gains from trade are less than losses in relative income, with the result that global social welfare is …-measured) social welfare, if the absolute income gains are not large enough to mitigate the relative income losses …
Persistent link: https://www.econbiz.de/10013315260
by maximizing the natives' social welfare function that incorporates these considerations. We find that as long as the … the asylum seekers in proportion to the population of each country, aggregate welfare will be maximized through an …
Persistent link: https://www.econbiz.de/10012858484
This chapter investigates the impact of the imposition of sanctions for employing illegal migrants on the welfare of … in the face of the very aim of their introduction: the welfare of the native laborers will take a beating …
Persistent link: https://www.econbiz.de/10013324574
There is a presumption that when an individual's comparison of his income with the incomes of others in his comparison group yields an unfavorable outcome, the individual is dismayed and experiences stress that impinges negatively on his health. In a recent study, Hounkpatin et al. (2016)...
Persistent link: https://www.econbiz.de/10012833891
Combining a standard measure of concern about low relative wealth and a standard measure of relative risk aversion leads to a novel explanation of variation in risk-taking behavior identified and documented by social psychologists and economists. We obtain two results: (1) Holding individual i's...
Persistent link: https://www.econbiz.de/10012859297
We study the relative risk aversion of an individual with particular social preferences: his wellbeing is influenced by his relative wealth, and by how concerned he is about having low relative wealth. Holding constant the individual's absolute wealth, we obtain two results. First, if the...
Persistent link: https://www.econbiz.de/10012867983