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Social welfare functions and develop...

Kakwani, Nanak.

Social welfare functions and developmentmeasurement and policy applications /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Social welfare functions and developmentby Nanak Kakwani, Hyun Hwa Son.
Reminder of title:	measurement and policy applications /
Author:	Kakwani, Nanak.
other author:	Son, Hyun Hwa.
Published:	London :Palgrave Macmillan UK :2016.
Description:	xxix, 355 p. :ill., digital ;22 cm.
Contained By:	Springer eBooks
Subject:	Development economics.
Online resource:	http://dx.doi.org/10.1057/978-1-137-58325-3
ISBN:	9781137583253$q(electronic bk.)

Social welfare functions and developmentmeasurement and policy applications /
Kakwani, Nanak.

Social welfare functions and developmentmeasurement and policy applications /[electronic resource] :by Nanak Kakwani, Hyun Hwa Son. - London :Palgrave Macmillan UK :2016. - xxix, 355 p. :ill., digital ;22 cm.

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.

ISBN: 9781137583253$q(electronic bk.)

Standard No.: 10.1057/978-1-137-58325-3doiSubjects--Topical Terms:

188131
Development economics.

LC Class. No.: HD75.5 / .K35 2016

Dewey Class. No.: 338.900151

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520 $a 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.
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