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Persistent link: https://www.econbiz.de/10014252628
In the distributive analysis, the constant relative inequality aversion utility function is a standard tool for ethical judgements of income distributions. The sole parameter ε of this function expresses a society’s aversion to inequality. However, the profession has not committed to the...
Persistent link: https://www.econbiz.de/10012887975
Persistent link: https://www.econbiz.de/10012286451
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
Persistent link: https://www.econbiz.de/10013347136
In the distributive analysis, the constant relative inequality aversion utility function is a standard tool for ethical judgements of income distributions. The sole parameter ε of this function expresses a society's aversion to inequality. However, the profession has not committed to the range...
Persistent link: https://www.econbiz.de/10013467156
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/10015394912