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Fleurbaey, Hagneré and Trannoy (2003) develop a bounded dominance test to make robust welfare comparisons, which is intermediate between Ebert’s (1999) cardinal dominance criterion – generalized Lorenz dominance applied to household incomes, divided and weighted by an equivalence scale –...
Persistent link: https://www.econbiz.de/10005808046
To take into account heterogeneity in a social welfare function, Ebert (1997) and Shorrocks (1995) show that the only consistent way of welfare measurement consists of either constructing an artificial distribution in which each household is weighted by the number of equivalent individuals, or...
Persistent link: https://www.econbiz.de/10005770840
<link rid="b12">Fleurbaey <i>et al.</i> (2003)</link> develop a bounded dominance test to make robust welfare comparisons, which is intermediate between <link rid="b10">Ebert's (1999)</link> cardinal dominance criterion-generalized Lorenz dominance applied to household incomes, divided and weighted by an equivalence scale-and <link rid="b2">Bourguignon's (1989)</link>...
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Fleurbaey, Hagnere and Trannoy (2003) develop a bounded dominance test to make robust welfare comparisons, which is intermediate between Ebert's (1999) cardinal dominance criterion - generalized Lorenz dominance applied to household incomes, divided and weighted by an equivalence scale - and...
Persistent link: https://www.econbiz.de/10014062239
What constitutes a good life? For most people, well-being involves more than a high income or material prosperity alone. Many non-material aspects, such as health, family life, living environment, job quality and the meaningful use of time are at least as important. Together, these factors also...
Persistent link: https://www.econbiz.de/10012302460