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In the presence of inequality a status-driven utility function reconciles the conflict between income-based and … nutrition-based measures of poverty. Moreover, it can explain why the poor tend to save less, an established empirical fact in …
Persistent link: https://www.econbiz.de/10010319857
In presence of inequality a status driven utility function reconciles the conflict between income based and nutrition … based measures of poverty. Moreover, it can explain why the poor tend to save less, an established empirical fact in the …
Persistent link: https://www.econbiz.de/10008765909
status driven utility function reconciles the conflict between income based and nutrition based measures of poverty. …The existing literature on poverty has discussed about the conflict between income-based measure and nutrition …-based measure. However, the role of social inequality in influencing individual’s consumption and inducing greater consumption of …
Persistent link: https://www.econbiz.de/10009323226
literature. This paper, using a two commodity framework, attempts to show that in presence of inequality, a status driven utility … such a utility function is constructed to analyse the implications of social inequality on relative prices and the emerging …The conflict between the income based and nutrition based estimates of poverty is a widely debated issue in economic …
Persistent link: https://www.econbiz.de/10009323236
constant inequality aversion utility function and that incomes obey the generalised beta distribution of the second kind GB2(a …In this paper, the method of deriving the parameter ε of inequality aversion from a parametric distribution of incomes …) interval. The mid-point εmid of this interval specifies inequality aversion of the median socialdecision maker. The maximum …
Persistent link: https://www.econbiz.de/10012112502
We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the …
Persistent link: https://www.econbiz.de/10010440430
Persistent link: https://www.econbiz.de/10011860261
Empirical analyses of economic inequality, poverty, and mobility in Germany are, to an increas-ing extent, using … analysis in support of the European Commission's stated objective of fighting poverty and reducing social inequality through … considerable impact on the degree and structure of inequality and poverty (see Hauser 2008, Causa et al. 2009, Nolan et al. 2009 …
Persistent link: https://www.econbiz.de/10008824473
Persistent link: https://www.econbiz.de/10009156739
one gets about trends in the level and inequality of living standards in the UK when using consumption, and when one adds …
Persistent link: https://www.econbiz.de/10009511662