Life quantity, life quality and longevity: An intertemporal social evaluation framework
The evaluation of development processes and of public policies often involves comparisons of social states in which populations differ in size and longevity. This requires social evaluation principles to be sensitive to both the number and the length of lives. This paper explores the use of axiomatic and welfarist principles to assess social welfare in that framework. It attempts to overcome some of the limits of existing methods in the literature, in particular by avoiding a temporal repugnant conclusion, by neither penalizing nor favoring life fragmentation, and by satisfying critical-level temporal consistency. It does this by characterizing a critical-level lifetime utility function that values life periodically. To address some of the controversies on discounting utilities across time, two alternative versions of the function are developed, one with discounting and one without.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Michael Grossman, 1972. "The Demand for Health: A Theoretical and Empirical Investigation," NBER Books, National Bureau of Economic Research, Inc, number gros72-1.
- Ehrlich, Isaac & Chuma, Hiroyuki, 1990. "A Model of the Demand for Longevity and the Value of Life Extension," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 761-782, August.
- Carl-Johan Dalgaard & Holger Strulik, 2014.
"Optimal Aging And Death: Understanding The Preston Curve,"
Journal of the European Economic Association,
European Economic Association, vol. 12(3), pages 672-701, 06.
- Carl-Johan Dalgaard & Holger Strulik, 2010. "Optimal Aging and Death: Understanding the Preston Curve," Discussion Papers 11-09, University of Copenhagen. Department of Economics, revised Mar 2011.
- Blackorby, Charles & Bossert, Walter & Donaldson, David, 1995. "Intertemporal Population Ethics: Critical-Level Utilitarian Principles," Econometrica, Econometric Society, vol. 63(6), pages 1303-1320, November.
- Maasoumi, Esfandiar & Zandvakili, Sourushe, 1986. "A class of generalized measures of mobility with applications," Economics Letters, Elsevier, vol. 22(1), pages 97-102.
- Salas, Rafael & Rabadan, Isabel, 1998. "Lifetime and Vertical Intertemporal Inequality, Income Smoothing, and Redistribution: A Social Welfare Approach," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 44(1), pages 63-79, March.
- Blackorby, Charles & Donaldson, David, 1984. "Social criteria for evaluating population change," Journal of Public Economics, Elsevier, vol. 25(1-2), pages 13-33, November. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:fdi:wpaper:1086. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vincent Mazenod)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.