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Ranking Income Distributions: The Tradeoff between Efficiency and Equality

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  • Tam, Mo-Yin S
  • Zhang, Renze

Abstract

Shorrocks suggested a broad welfare dominance relationship using the properties of Pigou-Dalton and Pareto to provide a partial ranking of income distributions. This paper considers a family of alternative dominance relationships generalizing Shorrocks's approach. The Pareto property, which states that welfare will not diminish if the income of any individual increases, holding other incomes constant, is replaced by the property that welfare will not diminish if the growth in income is shared by all the poorer sectors of the society. Implications of these alternatives are explored. Using data from the People's Republic of China, we show how the family of dominance relationships proposed in this paper can be used to examine real-world welfare changes. Copyright 1996 by The London School of Economics and Political Science.

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  • Tam, Mo-Yin S & Zhang, Renze, 1996. "Ranking Income Distributions: The Tradeoff between Efficiency and Equality," Economica, London School of Economics and Political Science, vol. 63(250), pages 239-252, May.
    • Handle: RePEc:bla:econom:v:63:y:1996:i:250:p:239-52
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    Cited by:

    1. Barbara Dluhosch, 1997. "Convergence of Income Distributions: Another Measurement Problem," Constitutional Political Economy, Springer, vol. 8(4), pages 337-352, December.
    2. Stéfan Lollivier, 2001. "Inégalité et pauvreté : limites conceptuelles et tendances récentes," Revue Française d'Économie, Programme National Persée, vol. 15(3), pages 119-139.
    3. Daniel Verger, 2005. "Bas revenus, consommation restreinte ou faible bien être : les approches statistiques de la pauvreté à l'épreuve des comparaisons internationales," Économie et Statistique, Programme National Persée, vol. 383(1), pages 7-45.

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