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Welfare and Inequality Dominance

Part of the Economic Studies in Inequality, Social Exclusion and Well-Being book series (EIAP, volume 2)

Abstract

As for poverty, we may wish to determine if the ranking of two distributions of income in terms of social welfare is robust to the choice of social welfare indices. Of course, one way to check such robustness would be to verify the welfare ranking of the two distributions for a large number of the many social welfare indices that have been proposed in the literature. This, however, would certainly be a tedious task. Besides, new social welfare indices can always be designed.

Keywords

Social Welfare Lorenz Curve Welfare Index Income Share Poverty Index 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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