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We show that a social planner who seeks to allocate a given sum in order to reduce efficiently the social stress of a population, as measured by the aggregate relative deprivation of the population, pursues a disbursement procedure that is identical to the procedure adhered to by a Rawlsian...
Persistent link: https://www.econbiz.de/10012823855
We show that a social planner who seeks to allocate a given sum in order to reduce efficiently the social stress of a population, as measured by the aggregate relative deprivation of the population, pursues a disbursement procedure that is identical to the procedure adhered to by a Rawlsian...
Persistent link: https://www.econbiz.de/10012287090
We show that a social planner who seeks to allocate a given sum in order to reduce efficiently the social stress of a population, as measured by the aggregate relative deprivation of the population, pursues a disbursement procedure that is identical to the procedure adhered to by a Rawlsian...
Persistent link: https://www.econbiz.de/10012295521
We show that a social planner who seeks to allocate a given sum in order to reduce efficiently the social stress of a population, as measured by the aggregate relative deprivation of the population, pursues a disbursement procedure that is identical to the procedure adhered to by a Rawlsian...
Persistent link: https://www.econbiz.de/10012285408
A transfer from a richer individual to a poorer one seems to be the most intuitive and straightforward way of reducing income inequality in a society. However, can such a transfer reduce the welfare of the society? We show that a rich-to-poor transfer can induce a response in the individuals'...
Persistent link: https://www.econbiz.de/10012945812
The family needs survey was conducted over a three-week period from April 25 through May 15, 2002, at 230 different events in 124 different locations throughout Los Angeles County. Nearly 60 percent of the surveys were completed in welfare offices, the rest in adult education classes and...
Persistent link: https://www.econbiz.de/10012993323
This report examines why more welfare parents did not become economically self-sufficient after participating in the LA County Welfare to Work Program, GAIN (Greater Avenue for Independence). It provided information about what happened to these parents when they entered the labor market after...
Persistent link: https://www.econbiz.de/10012993326
In determining the optimal redistribution of a given population's income, we ask which factor is more important: the social planner's aversion to inequality, embedded in an isoelastic social welfare function indexed by a parameter alpha, or the individuals' concern at having a low relative...
Persistent link: https://www.econbiz.de/10011569042
Acknowledging individuals' distaste for low relative income renders trade less appealing when trade is viewed as a technology that integrates economies by merging separate social spheres into one. We define a "trembling trade" as a situation in which gains from trade are overtaken by losses of...
Persistent link: https://www.econbiz.de/10011857978
We introduce a new class of generalized measures of relative deprivation. The class takes the form of a power mean of order p . A characteristic of the class is that depending on the value of the proximity-sensitive parameter p , the class is capable of accommodating both a decreasing weight...
Persistent link: https://www.econbiz.de/10011736612