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Persistent link: https://www.econbiz.de/10000953879
This paper assumes two kinds of social planners who evaluate income distributions concerning social welfare, economic inequality and poverty. The first kind of social planner, SPε , comprises averters to income inequality as measured by the normative parameter ε. The second kind of social...
Persistent link: https://www.econbiz.de/10015375017
Research background: Applied welfare economics offers various social welfare functions (SWF) for appraising income distributions. Social planners commonly use two SWFs: SWFε implied by income inequality aversion (ε) and SWFv implied by rank inequality aversion (v). However, a voluntary choice...
Persistent link: https://www.econbiz.de/10014552762