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There is growing support for the idea that global income poverty should be assessed with a measure accounting for both own income and relative income. The trade-off that such a measure makes between own income and relative income is the key question. Non-paternalism requires that this trade-off...
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This paper surveys the small branch of welfare economics that studies indicators combining poverty and mortality. The paper distinguishes two reasons for constructing such indicators. The first reason is to perform multidimensional well-being comparisons. For this purpose, mortality has...
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This paper surveys the small branch of welfare economics that studies indicators combining poverty and mortality. The paper distinguishes two reasons for constructing such indicators. The first reason is to perform multidimensional well-being comparisons. For this purpose, mortality has...
Persistent link: https://www.econbiz.de/10013254797
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Simple welfare indices such as mean income are ubiquitous but not distribution sensitive. In contrast, existing distribution sensitive welfare indices are rarely used, often because they are difficult to explain and/or lack intuitive units. This paper proposes a simple new distribution sensitive...
Persistent link: https://www.econbiz.de/10014579531