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According to standard theory founded on Harsanyi (1953, 1955) a social welfare function can be appropriately based on the individual’s approach to choice under uncertainty. We investigate whether people really do rank distributions according to the same principles irrespective of whether the comparison involves money payoffs in a risky situation or the(More)
Is there a trade-o between people's preference for income equality and income mobility? Testing for the existence of such a trade-o is di cult because mobility is a multifaceted concept. We analyse results from a questionnaire experiment based on simple precise concepts of income inequality and income mobility. We nd no direct trade-o in preference between(More)
Starting from the axiomatisation of polarisation contained in Esteban and Ray (1994) and Chakravarty and Majumdar (2001) we investigate whether people’s perceptions of income polarisation is consistent with the key axioms. This is carried out using a questionnaire-experimental approach that combines both paper questionnaires and on-line interactive(More)
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It is known from the literature on uncertainty that in cases where individuals express a preference for a high win-probability bet over a bet with high winnings they nevertheless will bid more to obtain the bet with high winnings. We investigate whether a similar phenomenon applies in the parallel social-choice situation. Here decisions are to be made(More)
The property of monotonicity, th criterion of (first-degree) income dominance and the Pareto principle appear frequently in the literature on the axiomatic approach to the welfare economics of income distribution. Sometimes these are regarded as almost interchangeable for practical purposes. However, as we shall show, this interchangeability arises because(More)
We examine the relationship between risk analysis and inequality analysis, using a questionnaire-experimental approach .The experiments focus on the effect of income transformations on the perceived rankings of income distributions in either a risk or inequality context. Both context and income levels are important in inßuencing rankings. Our thanks go to(More)
This article provides a brief overview of the key issues in inequality measurement and has been prepared for inclusion in the second edition of The New Palgrave. My thanks go to Yoram Amiel, Tony Atkinson, Sanghamitra Bandyopadhyay, Kristof Bosmans, Udo Ebert, Giovanni Ko, Peter Lambert and Abigail McKnight who made helpful comments on an earlier draft. JEL(More)