The measurement of welfare change

Walter Bossert and Bhaskar Dutta

No 269081, Economic Research Papers from University of Warwick - Department of Economics

Abstract: We propose and characterize a class of measures of welfare change that are based on the generalized Gini social welfare functions. In addition, we analyze these measures in the context of a second-order dominance property that is akin to generalized Lorenz dominance as introduced by Shorrocks (1983) and Kakwani (1984). Because we consider welfare differences rather than welfare levels, the requisite equivalence result involves linear welfare functions (that is, those associated with the generalized Ginis) only, as opposed to the entire class of strictly increasing and S-concave welfare indicators.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 15
Date: 2018-01-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://ageconsearch.umn.edu/record/269081/files/twerp_1151_dutta.pdf (application/pdf)
https://ageconsearch.umn.edu/record/269081/files/t ... a.pdf?subformat=pdfa (application/pdf)

Related works:
Journal Article: The measurement of welfare change (2019)
Working Paper: The Measurement of Welfare Change (2018)
Working Paper: The measurement of welfare change (2018)
Working Paper: The measurement of welfare change (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:269081

DOI: 10.22004/ag.econ.269081

Access Statistics for this paper

More papers in Economic Research Papers from University of Warwick - Department of Economics
Bibliographic data for series maintained by AgEcon Search ().