Arbeitspapier
What money can't buy: The relevance of income redistribution for functioning levels
This paper relates Amartya Sen’s capability approach to the literature on equivalence scales. Synthetic indicators of well-being are constructed by adjusting individual incomes for differences in functionings. An exploratory comparative application to Italian and Belgian data illustrates the model while disclosing the apparent relative contributions of monetary and non-monetary factors to changes in the functionings’ level. The results suggest that income as such cannot take us very far in evaluating achievements, on account of the effect of some non-monetary factors. Further, they hint at the inappropriateness of the assumption that any dissimilarity among individuals may be efficiently dealt with by a suitable monetary compensation.
- ISBN
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9291906301
- Sprache
-
Englisch
- Erschienen in
-
Series: WIDER Research Paper ; No. 2004/41
- Klassifikation
-
Wirtschaft
General Welfare; Well-Being
Measurement and Analysis of Poverty
- Thema
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well-being
functionings
equivalence scale
equivalent income
Einkommensverteilung
Lebensqualität
Theorie
Belgien
Italien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lelli, Sara
- Ereignis
-
Veröffentlichung
- (wer)
-
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
- (wo)
-
Helsinki
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Lelli, Sara
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Entstanden
- 2004