MULTIDIMENSIONAL INEQUALITY AND SOCIAL WELFARE

Antonio Villar

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

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.

Keywords: Inequality and Welfare; Social Goods; Cardinal Welfare Measures. (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2001-11
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:2001-30

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