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Inequality aversion and separability in social risk evaluation

Author

Listed:
  • Marc Fleurbaey

    (Woodrow Wilson School and Center for Human Values - Princeton University)

  • Stéphane Zuber

    (CERSES - UMR 8137 - Centre de recherche sens, ethique, société - UPD5 - Université Paris Descartes - Paris 5 - CNRS - Centre National de la Recherche Scientifique, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper examines how to satisfy "independence of the utilities of the dead" (Blackorby et al. in Econometrica 63:1303-1320, 1995; Bommier and Zuber in Soc Choice Welf 31:415-434, 2008) in the class of "expected equally distributed equivalent" social orderings (Fleurbaey in J Polit Econ 118:649-680, 2010) and inquires into the possibility to keep some aversion to inequality in this context. It is shown that the social welfare function must either be utilitarian or take a special multiplicative form. The multiplicative form is compatible with any degree of inequality aversion, but only under some constraints on the range of individual utilities.

Suggested Citation

  • Marc Fleurbaey & Stéphane Zuber, 2013. "Inequality aversion and separability in social risk evaluation," Post-Print hal-00979778, HAL.
    • Handle: RePEc:hal:journl:hal-00979778
    DOI: 10.1007/s00199-012-0730-2
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    Cited by:

    1. Bosi, Stefano & Camacho, Carmen & Le Van, Cuong, 2024. "A model of growth with living capital," Journal of Mathematical Economics, Elsevier, vol. 113(C).
    2. Johannes Emmerling, 2018. "Sharing Of Climate Risks Across World Regions," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-19, August.
    3. Berger, Loïc & Emmerling, Johannes, "undated". "Welfare as Simple(x) Equity Equivalents," MITP: Mitigation, Innovation and Transformation Pathways 254044, Fondazione Eni Enrico Mattei (FEEM).
    4. Adler, Matthew D. & Bossert, Walter & Cato, Susumu & Kamaga, Kohei, 2025. "Ex-post approaches to prioritarianism and sufficientarianism," Theoretical Economics, Econometric Society, vol. 20(4), November.
    5. Carmen Camacho & Weihua Ruan & Benteng Zou, 2025. "Limited factors and why optimal growth has led to destruction," PSE Working Papers halshs-04879533, HAL.
    6. repec:grz:wpsses:2021-02 is not listed on IDEAS
    7. Loïc Berger & Johannes Emmerling, 2020. "Welfare As Equity Equivalents," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 727-752, September.
    8. GABSZEWICZ, Jean & TAROLA, Ornella, 2011. "Migration, wage differentials and fiscal competition," LIDAM Discussion Papers CORE 2011065, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    9. Kerstin Mitterbacher & Stefan Palan & Jürgen Fleiß, 2024. "Intergroup cooperation in the lab: asymmetric power relations and redistributive policies," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 51(4), pages 877-912, November.
    10. Kaname Miyagishima, 2022. "Efficiency, equity, and social rationality under uncertainty," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 73(1), pages 237-255, February.
    11. Frikk Nesje & Paolo G. Piacquadio & Paolo Giovanni Piacquadio, 2025. "Intergenerational Discounting and Inequality," CESifo Working Paper Series 11630, CESifo.
    12. Al-Najjar, Nabil I. & Pomatto, Luciano, 2020. "Aggregate risk and the Pareto principle," Journal of Economic Theory, Elsevier, vol. 189(C).
    13. Weijia Wang, 2025. "Preference aggregation with heterogeneous beliefs and catastrophe risk," Journal of Economics, Springer, vol. 146(2), pages 263-279, October.
    14. Fleurbaey, Marc & Zuber, Stéphane, 2015. "Discounting, beyond utilitarianism," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 9, pages 1-52.
    15. Piacquadio, Paolo G., 2020. "The ethics of intergenerational risk," Journal of Economic Theory, Elsevier, vol. 186(C).
    16. Miyagishima, Kaname, 2019. "Fair criteria for social decisions under uncertainty," Journal of Mathematical Economics, Elsevier, vol. 80(C), pages 77-87.

    More about this item

    Keywords

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    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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