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In the distributive analysis, the constant relative inequality aversion utility function is a standard tool for ethical … inequality aversion utility function using datasets available from the Luxembourg Income Study Database. We utilise the method of …
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US. There are two potential explanations. First, Europeans prefer more equal societies (inequality belongs in the utility …
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constant inequality aversion utility function and that incomes obey the generalised beta distribution of the second kind GB2(a …
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We study the effect of the level of inequality in society on individual well being using a total of 123,668 answers to a survey question about ?happiness?. We find that individuals have a lower tendency to report themselves happy when inequality is high, even after controlling for individual...
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US. There are two potential explanations. First, Europeans prefer more equal societies (inequality belongs in the utility …
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