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Persistent link: https://www.econbiz.de/10001760917
Using data from the China Statistical Yearbook, trends in income inequality for urban and rural China are studied. According to our estimates, the overall Gini for China increased from 1980/81 to 2008. The rural Gini increased at an exponential rate of 1.2% while the urban Gini rose at a rate of...
Persistent link: https://www.econbiz.de/10015179966
Persistent link: https://www.econbiz.de/10001428351
The Social Welfare Function (SWF) is a decision rule to rank alternative social states in a complete fashion in terms of social welfare. This paper questions the philosophy of Paretian Principle as a desirable property of the SWF. It shows that it is possible to generalize the widely used Sen...
Persistent link: https://www.econbiz.de/10015388753