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We provide a systematic treatment of the notion of economic insecurity, assuming that an individual’s sentiment of … insecurity depends on the current wealth level and its variations experienced in the past. We think of wealth as a comprehensive …
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We provide an axiomatic treatment of the measurement of economic insecurity, assuming that individual insecurity …
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We review the survey and experimental findings in the literature on attitudes to income inequality. We interpret the latter as any disparity in incomes between individuals. We classify these findings into two broad types of individual attitudes towards the income distribution in a society: the...
Persistent link: https://www.econbiz.de/10010352288
This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with income. Making full use of the panel data nature of the German Socio-Economic Panel, we provide empirical evidence for well-being depending on absolute and on relative levels of...
Persistent link: https://www.econbiz.de/10011600651
Given any income distribution, to each income we associate a subgroup containing all persons whose incomes are not higher than this income and a person?s target shortfall in a subgroup is the gap between the subgroup highest income and his own income. We then develop an absolute target shortfall...
Persistent link: https://www.econbiz.de/10010272270
This paper develops an axiomatic approach to the measurement of social exclusion. At the individual level, social exclusion is viewed in terms of deprivation of the person concerned with respect to different functionings in the society. At the aggregate level we treat social exclusion as a...
Persistent link: https://www.econbiz.de/10010272272