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Multidimensional Inequality And Social Welfare

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Author Info
Antonio Villar Notario (Instituto Valenciano de Investigaciones Económicas)

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Abstract

This paper provides a cardinal welfare measure for the allocation of a bundle of goods among a group of people. Social welfare is measured as the sum of n partial indices, one for each good, each of which consists of a function of the amount of the good availabe and its dispersion, measured by Theil's first inequality index. Some applications of this welfare measure are also suggested.

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File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-2001-30.pdf
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File Function: Fisrt version / Primera version, 2001
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Publisher Info
Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 2001-30.

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Length: 27 pages
Date of creation: Nov 2001
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasad:2001-30

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Related research
Keywords: Inequality and Welfare; Social Goods; Cardinal Welfare Measures.;

Find related papers by JEL classification:
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

References listed on IDEAS
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  1. Javier Ruiz-Castillo, 1995. "Income distribution and social welfare: a review essay," Investigaciones Economicas, Fundación SEPI, vol. 19(1), pages 3-34, January. [Downloadable!]
  2. Cowell, Frank A. & Kuga, Kiyoshi, 1981. "Additivity and the entropy concept: An axiomatic approach to inequality measurement," Journal of Economic Theory, Elsevier, vol. 25(1), pages 131-143, August. [Downloadable!] (restricted)
  3. Carmen Herrero Blanco, 1995. "Capabilities And Utilities," Working Papers. Serie AD 1995-06, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    Other versions:
  4. Sen, Amartya K, 1976. "Real National Income," Review of Economic Studies, Blackwell Publishing, vol. 43(1), pages 19-39, February. [Downloadable!] (restricted)
  5. Bourguignon, Francois, 1979. "Decomposable Income Inequality Measures," Econometrica, Econometric Society, vol. 47(4), pages 901-20, July. [Downloadable!] (restricted)
  6. Sen, Amartya, 1979. "The Welfare Basis of Real Income Comparisons: A Survey," Journal of Economic Literature, American Economic Association, vol. 17(1), pages 1-45, March. [Downloadable!] (restricted)
  7. Chakravarty, Satya R. & Dutta, Bhaskar, 1990. "Migration and welfare," European Journal of Political Economy, Elsevier, vol. 6(1), pages 119-138, August. [Downloadable!] (restricted)
  8. Foster, James E., 1983. "An axiomatic characterization of the Theil measure of income inequality," Journal of Economic Theory, Elsevier, vol. 31(1), pages 105-121, October. [Downloadable!] (restricted)
  9. Shorrocks, Anthony F, 1984. "Inequality Decomposition by Population Subgroups," Econometrica, Econometric Society, vol. 52(6), pages 1369-85, November. [Downloadable!] (restricted)
  10. Blackorby, Charles & Donaldson, David, 1978. "Measures of relative equality and their meaning in terms of social welfare," Journal of Economic Theory, Elsevier, vol. 18(1), pages 59-80, June. [Downloadable!] (restricted)
  11. José María Tomás Adrian & Antonio Villar, 1993. "La medición del bienestar mediante indicadores de renta real: caracterización de un índice de bienestar tipo Theil," Investigaciones Economicas, Fundación SEPI, vol. 17(1), pages 165-173, January. [Downloadable!]
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