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' utility functions incorporate distaste for low relative income, a utilitarian will select exactly the same income distribution …
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. Under such inefficiency and a standard utility specification, a Rawlsian social planner who seeks to maximize the utility of … have low status conceptualized as low relative income, and when this distaste is incorporated in the individuals' utility …
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' utility functions incorporate distaste for low relative income, a utilitarian will select exactly the same income distribution …
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The Gini coefficient features prominently in Amartya Sen’s 1973 and 1997 seminal work on income inequality and social welfare. We construct the Gini coefficient from social-psychological building blocks, reformulating it as a ratio between a measure of social stress and aggregate income. We...
Persistent link: https://www.econbiz.de/10012625212
The Gini coefficient features prominently in Amartya Sen's 1973 and 1997 seminal work on income inequality and social welfare. We construct the Gini coefficient from social-psychological building blocks, reformulating it as a ratio between a measure of social stress and aggregate income. We...
Persistent link: https://www.econbiz.de/10012626151
Persistent link: https://www.econbiz.de/10012619955
The Gini coefficient features prominently in Amartya Sen’s 1973 and 1997 seminal work on income inequality and social welfare. We construct the Gini coefficient from social-psychological building blocks, reformulating it as a ratio between a measure of social stress and aggregate income. We...
Persistent link: https://www.econbiz.de/10013212497
' utility functions incorporate distaste for low relative income, a utilitarian will select exactly the same income distribution …
Persistent link: https://www.econbiz.de/10013060229