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Persistent link: https://www.econbiz.de/10009664870
We develop an approach for making welfare comparisons between populations with multidimensional discrete well-being indicators observed at the micro level. The approach is rooted in the concept of multidimensional first order dominance. It assumes that, for each indicator, the levels can be...
Persistent link: https://www.econbiz.de/10009516692
In this paper, we convey the concept of first-order dominance (FOD) with particular focus on applications to multidimensional population welfare comparisons. We give an account of the fundamental equivalent definitions of FOD, illustrated with simple numerical examples. An implementable method...
Persistent link: https://www.econbiz.de/10011403658
Persistent link: https://www.econbiz.de/10012587806
How did the financial crisis affect population welfare in EU member states in key dimensions such as income, health, and education? We seek to answer this question by way of welfare comparisons between countries and within countries over time, using EU-SILC data. Our study is novel in using a...
Persistent link: https://www.econbiz.de/10012023707
Persistent link: https://www.econbiz.de/10011710153
We develop an ordinal method for making welfare comparisons between populations with multidimensional discrete well-being indicators observed at the micro level. The approach assumes that, for each well-being indicator, the levels can be ranked from worse to better; however, no assumptions are...
Persistent link: https://www.econbiz.de/10013126538
How did the financial crisis affect population welfare in EU member states in key dimensions such as income, health, and education? Using EU-SILC data, we seek to answer this question by way of first order dominance comparisons between countries and over time. The novel feature of our study is...
Persistent link: https://www.econbiz.de/10012951553