Inequality Aversion and Externalities
نویسندگان
چکیده
منابع مشابه
Inequality aversion and risk aversion
This note shows that for two inequality averse social welfare functions, if one is more inequality averse than the other, the household preference induced by optimally allocating aggregate bundles according to this social welfare function is more risk averse than the other. We present examples showing that this comparative static can be reversed if inequality aversion is dropped. We show that t...
متن کاملInequality Aversion and Risk Attitudes
Inequality Aversion and Risk Attitudes Using self reported measures of life satisfaction and risk attitudes, we empirically test whether there is a relationship between individuals inequality and risk aversion. The empirical analysis uses the German SOEP household panel for the years 1997 to 2007 to conclude that the negative effect of inequality measured by the sample gini coefficient by year ...
متن کاملInequality aversion and diminishing sensitivity
We define inequality aversion as a decision-maker disliking it when his opponents’ payoffs differ from his own, diminishing sensitivity as this effect increasing less-than-proportionately as the opponents’ payoffs move further from the decision-maker’s, and a preference for Robin Hood redistributions as a preference for taking money from a high-payoff opponent and giving it to a low-payoff oppo...
متن کاملComparing degrees of inequality aversion
We propose a straightforward dominance procedure for comparing social welfare orderings (SWOs) with respect to the degree of inequality aversion they express. Three versions of the procedure are considered, each of which uses a different underlying criterion of inequality comparisons: (i) a concept based on the Lorenz quasi-ordering, which we argue to be the ideal version, (ii) a concept based ...
متن کاملInequality aversion, health inequalities and health achievement.
This paper addresses two issues. The first is how health inequalities can be measured in such a way as to take into account policymakers' attitudes towards inequality. The Gini coefficient and the related concentration index embody one particular set of value judgements. By generalising these indices, alternative sets of value judgements can be reflected. The other issue addressed is how inform...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1867563