Abstract
This paper proposes relative and absolute measures of deprivation using social satisfaction functions. The relative (absolute) measure gives us the amount by which social satisfaction can be increased in proportional (absolute) terms by redistributing incomes equally. We also demonstrate the existence of a relationship between summary indices of deprivation (including the Gini coefficient, the maximin index, the coefficient of variation and their absolute counterparts) and social satisfaction.
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Chakravarty, S.R., Mukherjee, D. Measures of Deprivation and their Meaning in Terms of Social Satisfaction. Theory and Decision 47, 89–100 (1999). https://doi.org/10.1023/A:1005086804195
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DOI: https://doi.org/10.1023/A:1005086804195