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A bitter choice turned sweet: How acknowledging individuals' concern at having a low relative income serves to align utilitarianism and egalitarianism

Author

Listed:
  • Stark, Oded
  • Jakubek, Marcin
  • Martyna, Kobus

Abstract

When individuals’ utility is a convex combination of their income and their concern at having a low relative income (the weights attached to income and to the concern at having a low relative income sum up to one), the maximization of aggregate utility yields an equal income distribution. This alignment of utilitarianism and egalitarianism is obtained for any number of individuals, and for general utility functions that are convex combinations of a power function of income and the concern at having a low relative income. The alignment can also hold when the weights sum up to a number different than one.

Suggested Citation

  • Stark, Oded & Jakubek, Marcin & Martyna, Kobus, 2015. "A bitter choice turned sweet: How acknowledging individuals' concern at having a low relative income serves to align utilitarianism and egalitarianism," Discussion Papers 199354, University of Bonn, Center for Development Research (ZEF).
    • Handle: RePEc:ags:ubzefd:199354
    DOI: 10.22004/ag.econ.199354
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    Cited by:

    1. Czyżewski, Andrzej & Kryszak Łukasz, . "Farmers’ And Rural Households’ Income, Symptoms Of Material Deprivation In Poland’S Countryside," Journal of Agribusiness and Rural Development, University of Life Sciences, Poznan, Poland, vol. 44(2).
    2. Luciano Ferreira Silva & Arnoldo José Hoyos Guevara & Ernesto D. R. Santibanez Gonzalez & Paulo Sergio Gonçalves Oliveira, 2019. "Evolution toward environment sustainable behavior: search for survival in the plastic industry in Brazil," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 21(3), pages 1291-1320, June.

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    Keywords

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    JEL classification:

    • H0 - Public Economics - - General
    • I0 - Health, Education, and Welfare - - General
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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