Wellbeing Inequality and Preference Heterogeneity
Bibliographic Data
| ID | 9722502 |
|---|---|
| Authors | Koen Decancq (0000-0002-5822-845X, University of Antwerp, LSE), Marc Fleurbaey (0000-0002-5342-8065, Princeton University), Marc Flerubaey (Princeton University), Erik Schokkaert (KULeuven and CORE), Yukiko Asada (0000-0003-0981-3449, KU Leuven) |
| Year | 2017 |
| Volume | 84 |
| Issue | 334 |
| Pages | 210-238 |
| Publication date | 2017-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ecca.12231 |
| OpenAlex | W3121779451 |
| Language | EN |
| Citations received | 13 |
| References cited | 30 |
Standard measures of multidimensional inequality (implicitly) assume common preferences for all individuals, and hence are not sensitive to preference heterogeneity among members of society. In this paper, we measure the inequality of the distribution of equivalent incomes, which is a preference‐sensitive multidimensional wellbeing measure. To quantify the contribution of preference heterogeneity to wellbeing inequality, we use a decomposition method that calculates wellbeing inequality in different counterfactual distributions. We focus on four sources of wellbeing inequality: the correlation between outcomes and preferences, the preference heterogeneity, the correlation between the outcome dimensions, and the inequality within each of the outcome dimensions. We find that preference heterogeneity accounts for a considerable part of overall wellbeing inequality in Russia for the period 1995–2005
Counterfactual thinking · Distribution (mathematics) · Econometrics · Economics · Inequality · Mathematical economics · Measure (data warehouse) · Microeconomics · Outcome (game theory) · Preference · Revealed preference · Computer Science · Decision-Making and Behavioral Economics · Mathematics · Psychological Well-being and Life Satisfaction · Psychology · Social Psychology
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| Unique citing works | 13 |
|---|---|
| Citations per year | 1,44 |
| Citation span | 2017 - 2026 (10) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 13 |