Interpreting inequality measures in a Harsanyi framwork (Q580153)
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| Language | Label | Description | Also known as |
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| English | Interpreting inequality measures in a Harsanyi framwork |
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Interpreting inequality measures in a Harsanyi framwork (English)
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1987
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In the Harsanyi framework, social welfare judgements are made behind a veil of ignorance. The Atkinson, Kolm, Generalized Entropy, and Bourguignon-Shorrock indices of economic inequality can be interpreted as measure of the riskiness of an income distribution when viewed from behind a veil of ignorance. The advantages of interpreting these inequality measures in the Harsanyi framework are discussed.
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social welfare judgements
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indices of economic inequality
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measure of the riskiness
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income distribution
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