Social Welfare Functions and Development
Measurement and Policy Applications
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Beschreibung
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 affectingthe capacities of people to enjoy a better life.
Autor*in
Nanak Kakwani
Themen in »Social Welfare Functions and Development«
Poverty Inequality Economic growth Inclusive growth Social policy evaluation Education Health Labor Market Well-being Equality of opportunity Food security Hunger Social rate of return Social tension Polarisation
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