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The marginal social valuation of income for the UK

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  • David Evans

Abstract

Purpose - The British government takes equity issues formally into account in its appraisal of social projects and policies. However, evidence on which the measured distributional welfare weights are based is neither broad enough nor sufficiently reliable. This paper seeks to address these issues by considering a wider body of evidence. Design/methodology/approach - An important component of the welfare weight measure advocated by HM Treasury is the elasticity of marginal utility of consumption ( Findings - The results for Originality/value - Modified tax-based findings on

Suggested Citation

  • David Evans, 2008. "The marginal social valuation of income for the UK," Journal of Economic Studies, Emerald Group Publishing, vol. 35(1), pages 26-43, January.
  • Handle: RePEc:eme:jespps:v:35:y:2008:i:1:p:26-43
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    Cited by:

    1. Aristei, David & Perugini, Cristiano, 2010. "Preferences for redistribution and inequality in well-being across Europe," Journal of Policy Modeling, Elsevier, vol. 32(2), pages 176-195, March.
    2. David EVANS & Erhun KULA, 2009. "Social discount rates and welfare weights for public investment decisions under budgetary restrictions – the case of Cyprus," Departmental Working Papers 2009-19, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.

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