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In recent years, various classes of indices measuring the improvement of well-being have been suggested. Formally, an improvement index is a function Q*(x1, x2), where xt is the level of some attribute of well-being, e.g., life expectancy, in period t. This paper extends previous works on...
Persistent link: https://www.econbiz.de/10005369316
Persistent link: https://www.econbiz.de/10008537612
This paper generalizes the axiomatic approach to the design of income inequality measures to the multiattribute context. While the extension of most axioms considered desirable for inequality indices is straightforward, it is not entirely clear when a situation is more unequal than another when...
Persistent link: https://www.econbiz.de/10005596493