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Inequality†averse well†being measurement

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  • Marc Fleurbaey
  • François Maniquet

Abstract

We construct individual well†being measures that respect individual preferences and depend on the bundles of goods consumed by the individual. Building on previous work in which general families of well†being measures are identified, we introduce basic transfer principles that apply either to bundles or directly to indifference sets, and we characterize specific well†being measures that involve either the ray utility or the money†metric utility.

Suggested Citation

  • Marc Fleurbaey & François Maniquet, 2018. "Inequality†averse well†being measurement," International Journal of Economic Theory, The International Society for Economic Theory, vol. 14(1), pages 35-50, March.
    • Handle: RePEc:bla:ijethy:v:14:y:2018:i:1:p:35-50
    DOI: 10.1111/ijet.12140
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    Cited by:

    1. Domenico Moramarco & François Maniquet, 2022. "On the measurement of well-being with reference consumption," Working Papers 629, ECINEQ, Society for the Study of Economic Inequality.
    2. Marc Fleurbaey & François Maniquet, 2019. "Well-being measurement with non-classical goods," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 68(3), pages 765-786, October.
    3. Matthew D. Adler & Koen Decancq, 2021. "Well-Being Measurement," Working Papers 2105, Herman Deleeck Centre for Social Policy, University of Antwerp.
    4. Decancq, Koen & Nys, Annemie, 2021. "Non-parametric well-being comparisons," European Economic Review, Elsevier, vol. 133(C).
    5. Erwin Ooghe & Erik Schokkaert & Hannes Serruys, 2023. "Fair Earnings Tax Reforms," CESifo Working Paper Series 10242, CESifo.
    6. François Maniquet & Domenico Moramarco, 2022. "On the Measurement of Well-Being with Reference Consumption," Working Papers ECARES 2022-41, ULB -- Universite Libre de Bruxelles.

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