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The Poverty of Growth with Interdependent Utility Functions

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  • Salamon, Peter
  • Komlos, John

Abstract

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy.

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Bibliographic Info

Paper provided by University of Munich, Department of Economics in its series Discussion Papers in Economics with number 619.

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Date of creation: May 2005
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Handle: RePEc:lmu:muenec:619

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Keywords: Interdependent utility functions ; growth ; inequality;

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Cited by:
  1. Gonzales-Eiras, Martín & Niepelt, Dirk, 2004. "Sustaining Social Security," Seminar Papers 731, Stockholm University, Institute for International Economic Studies.

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