Changes In Social Welfare In Singapore - 1982-1999
AbstractThis paper examines the changes in social welfare in Singapore using Labour Force Survey data. To study the changes and dominance, both ordinal and cardinal measures are used. By Lorenz Dominance social welfare in Singapore during 1999 is less than in 1991 while unambiguous conclusion cannot be made on the welfare ranking of 1982 and 1991 or of 1982 and 1999. 1999 ranks first according to the Generalized Lorenz Dominance; however, this criterion is also unable to make any unambiguous ranking between 1982 and 1991. The ranking based on Sen-Dagum-Yitzhaki-Sheshinski Social Welfare Function shows a continuous increase in the social welfare in Singapore. But when a more general Social Welfare Function is used a different ordering might occur.
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Bibliographic InfoPaper provided by National University of Singapore, Department of Economics in its series Departmental Working Papers with number wp0120.
Length: 32 pages
Date of creation: 2001
Date of revision:
Lorenz Dominance; Generalised Lorenz Dominance; Social Welfare Function; Equity; Efficiency; Singapore Economy;
Find related papers by JEL classification:
- D39 - Microeconomics - - Distribution - - - Other
- D69 - Microeconomics - - Welfare Economics - - - Other
This paper has been announced in the following NEP Reports:
- NEP-SEA-2001-11-27 (South East Asia)
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