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Ethical Social Index Numbers (Paperback, Softcover reprint of the original 1st ed. 1990)
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Ethical Social Index Numbers (Paperback, Softcover reprint of the original 1st ed. 1990)
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In this book we are concerned with income profile based ethical
social index numbers. An ethical index is designed from an explicit
social evaluation function with a specific purpose in mind. For
example, an ethical relative inequality index determines the
fraction of total income that could be saved without any welfare
loss if society distri buted incomes equally. Ethical indices
contrast with descriptive indices which are de rived without using
any concept of social welfare. Needless to say, ethical indices are
not meant to supplant descriptive indices, rather they are
constructed with different aims. We begin Chapter 1 with a formal
discussion on the concept of a social evaluation function. In the
main body of this chapter we consider the problem of ranking income
profiles using a social evaluation function. In Chapter 2 we set
about analyzing alter native approaches to the measurement of
inequality. In Chapter 3 we focus our attention on the Gini index,
the most frequently used index of inequality, and its extensions.
In Chapter 4 we formulate the notion of an ethical distance
function that measures welfare of one population relative to
another. Chapter 5 is devoted to quantifications and discussions of
alternative definitions of relative deprivation put forward by
Runci man(1966).
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