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... > contexts > population characteristics > socioeconomic factors > poverty > measurements and definitions of poverty > axiom of monotonicity and axiom of transfers

Preferred term

axiom of monotonicity and axiom of transfers  

Definition

  • IN WELFARE ECONOMICS, the axiom of monotonicity and the axiom of transfers are simplifying assumptions used to assess the effect of different income distributions on the general well-being (the social welfare) of a society. Although they are not true axioms in the logical sense of being self-evident and undeniable propositions (for example, A=A), the axioms of monotonicity and transfers represent common sense, plausible generalizations about human nature and human society. [Source: Encyclopedia of World Poverty; Axiom of Monotonicity and Axiom of Transfers]

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https://concepts.sagepub.com/social-science/concept/axiom_of_monotonicity_and_axiom_of_transfers

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