Social welfare and the gini coefficient revisited |
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Authors: | Peter J Lambert |
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Institution: | Department of Economics, University of York, Heslington, York YO1 5DD, U.K. |
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Abstract: | The question of conflict between the rankings of income distributions with the same mean by the Gini coefficient and by individualistic social welfare functions is re-examined. The negative result of Newbery (1970) is extended. However, positive results are obtainable which reverse Newbery's conclusion by admitting into the individual's utility index a measure of his position in the income distribution, or of his deprivation with respect to others' incomes. |
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Keywords: | Social welfare functions Gini coefficient ranking |
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