Inequality aversion and separability in social risk evaluation
نویسندگان
چکیده
منابع مشابه
Inequality Aversion and Separability in Social Risk Evaluation Marc
This paper examines how to satisfy a separability condition related to " independence of the utilities of the dead " (Blackorby et al., 1995; Bommier and Zuber, 2008) in the class of " expected equally distributed equivalent " social orderings (Fleurbaey, 2010). It also inquires into the possibility to keep some aversion to inequality in this context. It is shown that the social welfare functio...
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This paper examines how to satisfy “independence of the utilities of the dead” (Blackorby et al., 1995; Bommier and Zuber, 2008) in the class of “expected equally distributed equivalent” social orderings (Fleurbaey, 2010) and inquires into the possibility to keep some aversion to inequality in this context. It is shown that the social welfare function must either be utilitarian or take a specia...
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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...
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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 ...
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This paper successfully decomposes risk attitude and social preference behind the veil of ignorance. Using a novel experiment wherein subjects move graphically along a slider to divide a pie of money between high and low reward in both lottery and VoI treatments, we are able to collect rich data sets at individual level. We check individual preference characteristics including consistency and h...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2012
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s00199-012-0730-2