Inequality and Envy
Using a simple axiomatic structure we characterise two classes ofinequality indices - absolute and relative - that take into account "envy"in the income distribution. The concept of envy incorporated hereconcerns the distance of each person's income from his or herimmediately richer neighbour. This is shown to be similar to justiceconcepts based on income relativities.
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- Armin Falk & Markus Knell, 2004.
"Choosing the Joneses: Endogenous Goals and Reference Standards,"
Scandinavian Journal of Economics,
Wiley Blackwell, vol. 106(3), pages 417-435, October.
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- Arnsperger, Christian, 1994. " Envy-Freeness and Distributive Justice," Journal of Economic Surveys, Wiley Blackwell, vol. 8(2), pages 155-186, June.
- Frank Cowell & Udo Ebert, 2004. "Complaints and inequality," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 23(1), pages 71-89, 08.
- Frank Cowell & Udo Ebert, 2002. "Complaints and inequality," LSE Research Online Documents on Economics 2204, London School of Economics and Political Science, LSE Library.
- Frank A Cowell & Udo Ebert, 2002. "Complaints and Inequality," STICERD - Distributional Analysis Research Programme Papers 61, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
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