Unnested Aversion to s-th Degree Inequality

Marc Dubois ()
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Marc Dubois: GREDI Université de Sherbrooke

Economics Bulletin, 2019, vol. 39, issue 4, 2374-2380

Abstract: The paper characterizes the necessary and sufficient condition under which additively separable social welfare functions are averse to s-th degree inequality. For s>1, the result states that aversion to (s+1)-th degree inequality is neither a weaker nor a stronger attitude than aversion to s-th degree inequality, hence it is not an extension of the Pigou-Dalton condition. This statement makes room to several attitudes to inequality such as aversion to upside inequality and elitism, among others.

Keywords: Inequality aversion; s-th degree inequality; Principle of transfer. (search for similar items in EconPapers)
JEL-codes: D3 D6 (search for similar items in EconPapers)
Date: 2019-10-13
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