Social Welfare Functions and Development [electronic resource] : Measurement and Policy Applications /
Kakwani, Nanak.author.
Son, Hyun Hwa.author.
Nanak Kakwani and Hyu Hwa Son make use of social welfare functions to derive indicators of development relevant to specific social objectives, such as poverty- and inequality-reduction. Arguing that the measurement of development cannot be value-free, the authors assert that if indicators of development are to have policy relevance, they must be assessed on the basis of the social objectives in question. This study develops indicators that are sensitive to both the level and the distribution of individuals’ capabilities. The idea of the social welfare function, defined in income space, is extended to the concept of the social well-being function, defined in capability space. Through empirical analysis from selected developing countries, with a particular focus on Brazil, the authors shape techniques appropriate to the analysis of development in different dimensions. The focus of this evidence-based policy analysis is to evaluate alternative policies affecting the capacities of people to enjoy a better life. .
Includes bibliographical references and index.
Nanak Kakwani and Hyu Hwa Son make use of social welfare functions to derive indicators of development relevant to specific social objectives, such as poverty- and inequality-reduction. Arguing that the measurement of development cannot be value-free, the authors assert that if indicators of development are to have policy relevance, they must be assessed on the basis of the social objectives in question. This study develops indicators that are sensitive to both the level and the distribution of individuals’ capabilities. The idea of the social welfare function, defined in income space, is extended to the concept of the social well-being function, defined in capability space. Through empirical analysis from selected developing countries, with a particular focus on Brazil, the authors shape techniques appropriate to the analysis of development in different dimensions. The focus of this evidence-based policy analysis is to evaluate alternative policies affecting the capacities of people to enjoy a better life. .
Introduction -- Applied social welfare functions -- Measuring social tension -- Relative deprivation and social groups -- Growth and shared prosperity -- Income inequality and social well-being -- Measuring equity in opportunity using social opportunity function -- Global poverty counts -- Measuring food insecurity: global estimates -- Social rate of return: a new tool for evaluating social programs.
Development economics.
Econometrics.
Welfare economics.
Public policy.
Development Economics.
Econometrics.
Social Choice/Welfare Economics/Public Choice/Political Economy.
Public Policy.