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Multidimensional Inequality And Social Welfare

  • Antonio Villar Notario

    (Instituto Valenciano de Investigaciones Económicas)

This paper provides a cardinal welfare measure for the allocation of a bundle of goods among a group of people. Social welfare is measured as the sum of n partial indices, one for each good, each of which consists of a function of the amount of the good availabe and its dispersion, measured by Theil's first inequality index. Some applications of this welfare measure are also suggested.

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File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-2001-30.pdf
File Function: Fisrt version / Primera version, 2001
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Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 2001-30.

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Length: 27 pages
Date of creation: Nov 2001
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasad:2001-30
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  1. Antonio Villar Notario & José María Tomás, 1992. "La medición del bienestar mediante indicadores de "renta real": caracterización de un índice de bienestar tipo Theil," Working Papers. Serie EC 1992-07, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  2. Carmen Herrero, 1996. "Capabilities and utilities," Review of Economic Design, Springer, vol. 2(1), pages 69-88, December.
  3. repec:cup:cbooks:9780521424585 is not listed on IDEAS
  4. Bourguignon, Francois, 1979. "Decomposable Income Inequality Measures," Econometrica, Econometric Society, vol. 47(4), pages 901-20, July.
  5. Sen, Amartya, 1979. "The Welfare Basis of Real Income Comparisons: A Survey," Journal of Economic Literature, American Economic Association, vol. 17(1), pages 1-45, March.
  6. Shorrocks, Anthony F, 1984. "Inequality Decomposition by Population Subgroups," Econometrica, Econometric Society, vol. 52(6), pages 1369-85, November.
  7. Blackorby, Charles & Donaldson, David, 1978. "Measures of relative equality and their meaning in terms of social welfare," Journal of Economic Theory, Elsevier, vol. 18(1), pages 59-80, June.
  8. Chakravarty, Satya R. & Dutta, Bhaskar, 1990. "Migration and welfare," European Journal of Political Economy, Elsevier, vol. 6(1), pages 119-138, August.
  9. Cowell, Frank A. & Kuga, Kiyoshi, 1981. "Additivity and the entropy concept: An axiomatic approach to inequality measurement," Journal of Economic Theory, Elsevier, vol. 25(1), pages 131-143, August.
  10. Foster, James E., 1983. "An axiomatic characterization of the Theil measure of income inequality," Journal of Economic Theory, Elsevier, vol. 31(1), pages 105-121, October.
  11. Sen, Amartya K, 1976. "Real National Income," Review of Economic Studies, Wiley Blackwell, vol. 43(1), pages 19-39, February.
  12. Antonio Villar Notario & Carmen Herrero Blanco, 1991. "El Reparto Del Fondo De Compensacion Interterritorial Entre Las Comunidades Autonomas," Working Papers. Serie EC 1991-11, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  13. Javier Ruiz-Castillo, 1995. "Income distribution and social welfare: a review essay," Investigaciones Economicas, Fundación SEPI, vol. 19(1), pages 3-34, January.
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