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Multidimensional Inequality And Social Welfare

Author

Listed:
  • Antonio Villar Notario

    (Instituto Valenciano de Investigaciones Económicas)

Abstract

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.

Suggested Citation

  • Antonio Villar Notario, 2001. "Multidimensional Inequality And Social Welfare," Working Papers. Serie AD 2001-30, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    • Handle: RePEc:ivi:wpasad:2001-30
    as

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    File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-2001-30.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Inequality and Welfare; Social Goods; Cardinal Welfare Measures.;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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