Dominance and Robustness

Instructor: James Foster, Professor of Economics and International Affairs, George Washington University, and OPHI Research Associate

Class Objectives: This class reviews techniques of comparing poverty orderings and of conducting tests for robustness of choices such as poverty lines or weights in indices.

Part 1

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Part 2 Not Available

Reading List
Key readings:
Atkinson, A. (1970): ” On the Measurement of Inequality ,” Journal of Economic Theory , 2, 244-63.
Foster, J.E., and A. K. Sen (1997): “After a Quarter Century,” Substantial Appendix to A. K. SenOn Economic Inequality. Oxford: Clarendon Press.
Foster, J.E., M. McGillivray and S. Seth (2007): “Rank Robustness of Multidimensional Well-being Measures” mimeo.
Foster, J.E., and A. Shorrocks (1988): “Poverty Orderings and Welfare Dominance,” Social Choice and Welfare, 5, 179-198.

Background readings:

Atkinson , A. B. (1987): “On the Measurement of Poverty,” Econometrica, 55, 749-764.
Bawa V.S. (1975) Optimal rules for ordering uncertain prospects . Journal of Financial Economics 2: 95–121.
Ravallion, M. (1994): Poverty Comparisons, Fundamentals of Pure and Applied Economics, Switzerland: Harwood Academic Publishers.
Shorrocks, A.F. and J.E. Foster (1987): “Transfer sensitive inequality measures”, Review of Economic Studies, 54, 485-497.
Shorrocks, A.F. (1983): “Ranking income distributions”, Economica , 50, 3-17.