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Where to be born? A normative approach of life duration inequalities in the world

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  • Eric Attias
  • Cyrille Piatecki

Abstract

The following study attempts to demonstrate that traditional classifications of OECD countries according to the health condition of their citizens, based on classifications of life expectancy and infant mortality, can lead to substantial normative errors if we assume that economic agents are rational. In particular, classifications of life expectancy and infant mortality can cause a great deal of information loss, and do not allow a precise idea of typical inequalities in certain countries. This study begins with Meyer's method of classification1,2—which allows us to organise different distributions on the basis of risk aversion of agents. This means that countries can be classified as offering a distribution superior to others in regards to the life duration they offer their citizens.

Suggested Citation

  • Eric Attias & Cyrille Piatecki, 1996. "Where to be born? A normative approach of life duration inequalities in the world," Health Economics, John Wiley & Sons, Ltd., vol. 5(6), pages 559-572, November.
    • Handle: RePEc:wly:hlthec:v:5:y:1996:i:6:p:559-572
    DOI: 10.1002/(SICI)1099-1050(199611)5:63.0.CO;2-S
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    References listed on IDEAS

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    1. Atkinson, A B, 1987. "On the Measurement of Poverty," Econometrica, Econometric Society, vol. 55(4), pages 749-764, July.
    2. John C. Harsanyi, 1953. "Cardinal Utility in Welfare Economics and in the Theory of Risk-taking," Journal of Political Economy, University of Chicago Press, vol. 61(5), pages 434-434.
    3. Meyer, Jack, 1977. "Further Applications of Stochastic Dominance to Mutual Fund Performance," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 12(2), pages 235-242, June.
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