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Multidimensional Social Evaluation: An Application To The Measurement Of Human Development

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  • Carmen Herrero
  • Ricardo Martínez
  • Antonio Villar

Abstract

This paper deals with the axiomatic derivation of social evaluation indices in a multidimensional context. The resulting evaluation formula is the geometric mean of the egalitarian equivalent values of the different characteristics under consideration. We provide an application to the measurement of human development and compare the results obtained with those corresponding to the standard (additive) index. Copyright 2010 The Authors. Review of Income and Wealth 2010 International Association for Research in Income and Wealth.

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Bibliographic Info

Article provided by International Association for Research in Income and Wealth in its journal Review of Income and Wealth.

Volume (Year): 56 (2010)
Issue (Month): 3 (09)
Pages: 483-497

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Handle: RePEc:bla:revinw:v:56:y:2010:i:3:p:483-497

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Cited by:
  1. Srijit Mishra & Hippu Slak Kristle Nathan, 2013. "Measuring human development index: The old, the new and the elegant," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2013-020, Indira Gandhi Institute of Development Research, Mumbai, India.
  2. Chris Tofallis, 2013. "An automatic-democratic approach to weight setting for the new human development index," Journal of Population Economics, Springer, vol. 26(4), pages 1325-1345, October.
  3. Antonio Villar, 2009. "Distribution Sensitive Multidimensional Development Indices," Working Papers 09.14, Universidad Pablo de Olavide, Department of Economics.

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