On the reconciliation of efficiency and inequality aversion with heterogeneous populations: characterization results

Bart Capéau and Erwin Ooghe ()

Public Economics Working Paper Series from Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Working Group Public Economics

Abstract: We characterize a family of r-extended generalized Lorenz dominance quasi-orderings and a family of r-Gini welfare orderings, on the basis of two allegedly "incompatible" axioms for heterogeneous welfare comparisons (Ebert, 1997, Ebert and Moyes, 2003, Shorrocks, 1995), but at the cost of either completeness or separability.

Keywords: heterogeneous welfare comparisons; equivalent income functions. (search for similar items in EconPapers)
JEL-codes: D31 D63 I31 (search for similar items in EconPapers)
Pages: 15 pp.
Date: 2004
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