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Marc Dubois |
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''Unnested Aversion to s-th Degree Inequality'' |
( 2019, Vol. 39 No.4 ) |
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The paper characterizes the necessary and sufficient condition under which additively separable social welfare functions are averse to s-th degree inequality. For s>1, the result states that aversion to (s+1)-th degree inequality is neither a weaker nor a stronger attitude than aversion to s-th degree inequality, hence it is not an extension of the Pigou-Dalton condition. This statement makes room to several attitudes to inequality such as aversion to upside inequality and elitism, among others. |
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Keywords: Inequality aversion; s-th degree inequality; Principle of transfer. |
JEL: D6 - Welfare Economics: General D3 - Distribution: General |
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Manuscript Received : Nov 27 2018 | | Manuscript Accepted : Oct 13 2019 |
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