An Axiomatic Foundation of the Multiplicative Human Development Index
An Axiomatic Foundation of the Multiplicative Human Development Index
复制标题
DOI:
10.1111/roiw.12370
复制
发表时间:
2018-08
期刊:
影响因子:
--
通讯作者:
Yoko Kawada;Yuta Nakamura;Shuhei Otani
中科院分区:
文献类型:
--
作者:
Yoko Kawada;Yuta Nakamura;Shuhei Otani
The aggregation formula in the Human Development Index (HDI) was changed to geometric mean in 2010. In this paper, we search for a theoretical justification for employing this new HDI formula. First, we find a maximal class of index functions, what we call quasi-geometric means, that satisfy symmetry for the characteristics, normalization, and separability. Second, we show that power means are the only quasi-geometric means satisfying homogeneity. Finally, the new HDI is the only power mean satisfying minimal lower boundedness, which is a local complementability axiom proposed by Herrero, Martinez, and Villar (2010).