A generalised social welfare function and its disaggregation by components of income

The method and applications

Research output: Chapter in Book/Report/Conference proceedingChapter

2 Citations (Scopus)

Abstract

The Social Welfare Function (SWF) is a decision rule to rank alternative social states in a complete fashion in terms of social welfare. This paper questions the philosophy of Paretian Principle as a desirable property of the SWF. It shows that it is possible to generalize the widely used Sen SWF, which can be non-Paretian under special circumstances. Also, it demonstrates the disaggregation method of this SWF by components of income using the Gini decomposition process. The method is applied to Australian Household Expenditure Survey data to estimate the trend of welfare of total income and its components in Australia from 1984 to 1993-1994.

Original languageEnglish
Title of host publicationInequality, welfare and poverty
Subtitle of host publicationTheory and measurement
EditorsYoram Amiel, John A. Bishop
Place of PublicationAmsterdam
PublisherJAI Press
Pages245-264
Number of pages20
Volume9
ISBN (Print)0762310146, 9780762310142
Publication statusPublished - 2003

Publication series

NameResearch on Economic Inequality
Volume9
ISSN (Print)10492585

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