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PierCarlo Nicola
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PierCarlo Nicola: Università di Milano

Chapter Chapter 1 in Efficiency and Equity in Welfare Economics, 2013, pp 1-6 from Springer

Abstract: Abstract To start our enquiry, let’s consider, in its fundamental elements, what theoretical welfare economics says about inequality and poverty. Social welfare is considered a function of individual and family incomes, since incomes have a meaningful and positive correlation with indexes of a good life, such as life expectancy at birth, health, food, housing, education, …, while consumptions are a more limited economic variable.

Keywords: Social Welfare; Economic Agent; Social Welfare Function; Individual Income; Poverty Index (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-642-30071-4_1

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DOI: 10.1007/978-3-642-30071-4_1

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