search query: @indexterm WELFARE ECONOMICS / total: 236
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| Author: | Lambert, P. J. Ramos, X. |
| Title: | Welfare comparisons: squential procedures for heterogeneous populations |
| Journal: | Economica
2002 : NOV. VOL. 69:276, p. 549-562 |
| Index terms: | Income distribution Welfare economics Welfare |
| Language: | eng |
| Abstract: | Some analysts use sequential dominance criteria, and others use equivalence scales in combination with non-sequential dominance tests, to make welfare comparisons of joint distributions of income and needs. The authors present a sequential procedure which copes with situations in which sequential approach are valid for distributions of equivalent income whatever equivalence scale the analyst might adopt. Thus, the paper marries together the sequential and equivalizing approaches, seen as alternatives in much previous literature. The results are specified in forms that allow for demographic differences in the populations being compared. |
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