The Marginal Utility of Income
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- Layard, R. & Mayraz, G. & Nickell, S., 2008. "The marginal utility of income," Journal of Public Economics, Elsevier, vol. 92(8-9), pages 1846-1857, August.
- Layard, Richard & Mayraz, Guy & Nickell, Stephen J, 2007. "The marginal utility of income," LSE Research Online Documents on Economics 19745, London School of Economics and Political Science, LSE Library.
- Richard Layard & Guy Mayraz & Stephen Nickell, 2007. "The Marginal Utility of Income," CEP Discussion Papers dp0784, Centre for Economic Performance, LSE.
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More about this item
Keywords
Marginal utility; income; life satisfaction; happiness; public economic; welfare; inequality; optimal taxation; reference-dependent preferences;All these keywords.
JEL classification:
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- H0 - Public Economics - - General
- D1 - Microeconomics - - Household Behavior
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
NEP fields
This paper has been announced in the following NEP Reports:- NEP-HAP-2008-01-05 (Economics of Happiness)
- NEP-LTV-2008-01-05 (Unemployment, Inequality and Poverty)
- NEP-PUB-2008-01-05 (Public Finance)
- NEP-UPT-2008-01-05 (Utility Models and Prospect Theory)
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