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Restricted and Unrestricted Dominance for Welfare, Inequality, and Poverty Orderings
Author(s) -
Duclos JeanYves,
Makdissi Paul
Publication year - 2004
Publication title -
journal of public economic theory
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.809
H-Index - 32
eISSN - 1467-9779
pISSN - 1097-3923
DOI - 10.1111/j.1467-9779.2004.00160.x
Subject(s) - stochastic dominance , poverty , ranking (information retrieval) , inequality , dominance (genetics) , welfare , economics , econometrics , social welfare , welfare economics , public economics , mathematics , economic growth , biology , political science , computer science , market economy , mathematical analysis , biochemistry , machine learning , law , gene
This paper extends the previous literature on the ethical links between the measurement of poverty, social welfare and inequality. We show inter alia , how, when the range of possible poverty lines is unbounded above, a robust ranking of absolute poverty may be interpreted as a robust ranking of social welfare, and a robust ranking of relative poverty may be interpreted as a robust ranking of inequality, and this, for any order of stochastic dominance.