Relative Deprivation and Economic Welfare: A Statistical Investigation with Gini-Based Welfare Indices

The binomial Gini inequality indices and the binomial decomposition of welfare functions

In the context of Social Welfare and Choquet integration, we briefly review, on the one hand, the generalized Gini welfare functions and inequality indices for populations of n ≥ 2 individuals, and on the other hand, the Möbius representation framework for Choquet integration, particularly in the case of k-additive symmetric capacities. We recall the binomial decomposition of OWA functions due ...

Unemployment and Economic Welfare

David Andolfatto is a professor of economics at the the University of Waterloo and the University of Western Ontario. Paul Gomme is an economic advisor at the Federal Reserve Bank of Cleveland. Both authors are members of the Centre for Research on Economic Fluctuations and Employment in Montreal, Canada. They thank LutzAlexander Busch, Gordon Myers, and Ed Nosal for helpful comments and critic...

Subjective Economic Welfare

The Gini coefficient: Majority voting and social welfare

Majority voting and social evaluation functions are the main alternatives proposed in the literature for aggregatingindividual preferences. Despite these being very different, this papershows that the ranking of income distributions, symmetric under the same transformation, by S-Gini consistent social evaluation functions and majority voting coincide if and only if the inequality index under co...

Economic shocks, wealth and welfare

The immediate effects of the Asian crisis on the well-being of Indonesians are examined using the Indonesia Family Life Survey, an on-going longitudinal household survey. There is tremendous diversity in the effect of the shock: for some households, it was devastating; for others it brought new opportunities. A wide array of mechanisms were adopted in response to the crisis. Households combined...