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Integrating individual inequity aversion into a utilitarian social welfare function, we derive a simple welfare measure which comprises both GDP and income inequality as measured by the Gini-index. The provided theoretical link between inequity aversion (popular in behavioural microeconomics)...
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In this paper, we propose to use the so-called Sen-Shorrocks poverty index (Shorrocks, 1995) to measure …, the most common case in the literature, and introduce a rank-dependent multidimensional poverty index for multiple binary … important for poverty analysis. An empirical illustration based on deprivation data from four Central American countries …
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poverty in the pandemic’s first wave is studied, controlling for other underlying factors, in a sample of 141 countries. An … income. Poverty as measured by the $1.90 per day standard has a small negative association with death rates. The elasticity …
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