Chapter 5 Equal-equivalents for Inequality, Welfare, and Liberty: Concepts and Policy

Abstract

The concepts of the “equal-equivalents” permit the definition of one-dimensional and multidimensional inequalities, of individual “welfare” (the same function for all individuals) and, as a result, of classical inequality properties and of the optimal allocation in “macrojustice” (optimum income taxation and transfers, amounting in particular to equal liberty of choice in different domains).

Citation

Kolm, S. (2012), "Chapter 5 Equal-equivalents for Inequality, Welfare, and Liberty: Concepts and Policy", Bishop, J.A. and Salas, R. (Ed.) Inequality, Mobility and Segregation: Essays in Honor of Jacques Silber (Research on Economic Inequality, Vol. 20), Emerald Group Publishing Limited, Leeds, pp. 117-134. https://doi.org/10.1108/S1049-2585(2012)0000020008