Empirical welfare analyses often impose stringent parametric assumptions on individuals’ preferences and neglect unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual social analysis for discrete choice that does not suffer from these drawbacks. We first adapt the broad class of measures introduced by Fleurbaey (2009) settings where is discrete. Allowi...

This paper examines principles of health care resource allocation based on axioms for individual preferences and distributive justice. We establish axioms for representing individual preferences by quality-adjusted life years (QALYs), as well as axioms for existence of a social welfare function depending only on QALYs. A symmetric Cobb-Douglas social welfare function is characterized by an axio...

Income Risk, Income Mobility and Welfare This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i.i.d. component representing measurement error or transitory income shocks and an AR(1) component representing persistent changes in income. We...

The rank-dependent welfare functions and the rank-dependent poverty measures are weighted sums of the income and the gap of an individual, respectively, where the weights only depend on the position of each individual. In this work we show that an OWA operator is underlying in the definition of every rankdependent welfare function and every rank-dependent poverty measure. For each OWA operator ...