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.
|Date of creation:||Dec 2006|
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References listed on IDEAS
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- Falk, Armin & Knell, Markus, 2004.
"Choosing the Joneses: Endogenous Goals and Reference Standards,"
CEPR Discussion Papers
4459, C.E.P.R. Discussion Papers.
- 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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Social Choice and Welfare,
Springer;The Society for Social Choice and Welfare, vol. 23(1), pages 71-89, 08.
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- 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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"Reference Groups and Individual Deprivation,"
Cahiers de recherche
13-2004, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Arnsperger, Christian, 1994. " Envy-Freeness and Distributive Justice," Journal of Economic Surveys, Wiley Blackwell, vol. 8(2), pages 155-86, June.
- Yitzhaki, Shlomo, 1982. "Relative deprivation and economic welfare," European Economic Review, Elsevier, vol. 17(1), pages 99-113.
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