Revealed (or Imposed) Social Preferences for Equality and Growth
AbstractUsing the Kuznets' inverted-U-shaped association as a structural constraint, we model the social tradeoff between changing inequality and changing income. Observed outcomes are thought of as attempts to find a constrained political-economic optimum. This model implies estimates of the parameters of a social welfare function. Our results suggest that the world is becoming an anti-egalitarian place. An extension of the model links this finding to religious heritage, exchange rate instability, and, surprisingly, to increased gender equality.
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Bibliographic InfoPaper provided by University of Utah, Department of Economics in its series Working Paper Series, Department of Economics, University of Utah with number 2003_01.
Length: 17 pages
Date of creation: 2003
Date of revision:
Publication status: Published in Journal of Income Distribution, March 2008, 17(1), pp.21-33.
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More information through EDIRC
Growth; Inequalit; Social Welfare;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O50 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-04-04 (All new papers)
- NEP-DEV-2004-04-04 (Development)
- NEP-PKE-2004-04-04 (Post Keynesian Economics)
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