We propose a class of social evaluation functions and of inequality indices which merge the useful features of the family of Atkinson (1970) and of S-Gini (Donaldson and Weymark (1980, 1983), Yitzhaki (1983) and Kakwani (1980)) indices. These social evaluation functions can be interpreted as average utility corrected for relative deprivation in individual welfare. They can also be understood as averages of altruistic welfare in the population, and have a simple and useful graphical interpretation.
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Paper provided by Université Laval - Département d'économique in its series Cahiers de recherche with number
9826.
Find related papers by JEL classification: D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement D64 - Microeconomics - - Welfare Economics - - - Altruism
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Yitzhaki, Shlomo, 1983.
"On an Extension of the Gini Inequality Index,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 24(3), pages 617-28, October.
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