Abstract for:

Inequality, Welfare and Monotonicity

Yoram Amiel, Frank A Cowell, April 1997
Paper No' DARP 029: | Full paper

---

Save Reference as: BibTeX File | EndNote Import File

---

Keywords: Inequality; social welfare monotonicity

JEL Classification:

Is hard copy/paper copy available? NO - Paper Copy Out Of Print.

---

This Paper is published under the following series: Distributional Analysis Research Programme

---

Share this page: Google Bookmarks | Facebook | Twitter

---

Abstract:

We establish a general relationship between the standard form of the individualistic social-welfare function and the ?reduced-form? version that is expressed in terms of inequality and mean income. This shows the relationship between the property of monotonicity and the slope of the equity-efficiency trade-off. Particularly simple results are available for a large class of inequality measures that includes the Gini. These results do not require differentiability of the social welfare function.