This paper illustrates how Crossing Generalised Lorenz (GL) curves can be used to identify the best income distribution on social welfare grounds within a set of alternative income distributions generated by different policy options. It starts by illustrating two alternative income distributions...

The socially optimal allocation has been regarded to be unspecifiable because of utility’s interpersonal incomparability, Arrow’s general possibility theorem, and other factors. This paper examines this problem by focusing not on the social welfare function but instead on the utility...

This paper examines the socially optimal allocation by focusing not on the social welfare function but instead on the utility possibility frontier in exogenous growth models with a heterogeneous population. A unique balanced growth path was found on which all of the optimality conditions of all...

This paper discusses both social welfare and social choice using Arrow’s impossibility theorem for multi-profile preference case and two versions of it for single-profile preference case. Between these two versions first one assumes a two-individual society and the second one, which is similar...

This paper provides a review of part of the literature on inequality and social welfare, with a special focus on the Gini index. The paper first presents the extended Gini index used for measuring inequality, as well as the source decomposition of the Gini used to analyze how changes in income...

This paper provides a review of part of the literature on inequality and social welfare, with a special focus on the Gini index. The paper first presents the extended Gini index used for measuring inequality, as well as the source decomposition of the Gini used to analyze how changes in income...

This paper provides a review of part of the literature on inequality and social welfare, with a special focus on the Gini index. The paper first presents the extended Gini index used for measuring inequality, as well as the source decomposition of the Gini used to analyze how changes in income...

Poverty is easily recognized when encountered "face to face," but when measured for a society as a whole it becomes evasive and ambiguous, raising fundamental and practical issues. In this paper we examine several poverty measures from the aspect of how well they can serve as policy targets and...

In the capability literature, studies on the empirical measurement in the functionings space are abundant and a few studies even measure capability to function. We suggest adopting a third measure of welfare relevant to economists, namely the "conversion efficiency" measuring the efficiency with...

Child labour is one of the severe problems faced by developed and developing economies. The Convention on the Rights of the Child (CRC) adopted on 20 November 1989 and entered into force on 2 September 1990. Nevertheless the challenges faced by the children remained the same. In some of the...