Showing 1 - 2 of 2
We investigate the properties of a family of social evaluation functions and inequality indices which merge the …)) indices. Income inequality aversion is captured by decreasing marginal utilities, and aversion to rank inequality is captured … by rank-dependent ethical weights, thus providing an ethically-flexible dual basis for the assessment of inequality and …
Persistent link: https://www.econbiz.de/10005247841
ethically flexible tools that integrate these two strands. This is achieved using a measure of inequality that merges the well … transfers in a vertical equity effect and a loss of redistribution due to either classical HI or reranking. An inequality …-change approach and a money-metric cost-of-inequality approach are developed. The latter approach makes aggregate classical HI …
Persistent link: https://www.econbiz.de/10005168493