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Equality of When?

Author

Listed:
  • Giorgos Galanis

    (The University of Warwick)

  • Roberto Veneziani

    (Queen Mary University of London)

Abstract

This paper analyses the temporal unit of egalitarian concern. In the intertemporal context, the differences between egalitarian views can be appreciated not only in inequality analysis but also as regards the ideal egalitarian distribution to be established. In this paper, three intergenerational egalitarian principles (Complete Lives Egalitarianism, Corresponding Segments Egalitarianism and Simultaneous Segments Egalitarianism) are analysed and CSE is argued to be the appropriate egalitarian bench-mark. The relations between the three principles and other moral ideals, namely maximin and utilitarianism, are also analysed. It is proved that CLE and CSE are compatible with a concern for the worst off and, partially, with a utilitarian concern, while the adoption of SSE implies a worse trade-off between egalitarianism and the other moral ideals.

Suggested Citation

  • Giorgos Galanis & Roberto Veneziani, 2017. "Equality of When?," Working Papers 812, Queen Mary University of London, School of Economics and Finance.
    • Handle: RePEc:qmw:qmwecw:812
    as

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    File URL: https://www.qmul.ac.uk/sef/media/econ/research/workingpapers/2017/items/wp812.pdf
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    References listed on IDEAS

    as
    1. Dasgupta, Partha, 1974. "On some alternative criteria for justice between generations," Journal of Public Economics, Elsevier, vol. 3(4), pages 405-423, November.
    2. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, March.
    3. Michele Lombardi & Kaname Miyagishima & Roberto Veneziani, 2016. "Liberal Egalitarianism and the Harm Principle," Economic Journal, Royal Economic Society, vol. 126(597), pages 2173-2196, November.
    4. John E. Roemer & Roberto Veneziani, 2007. "Intergenerational Justice, International Relations and Sustainability," International Economic Association Series, in: John Roemer & Kotaro Suzumura (ed.), Intergenerational Equity and Sustainability, chapter 13, pages 228-251, Palgrave Macmillan.
    5. John Roemer & Kotaro Suzumura (ed.), 2007. "Intergenerational Equity and Sustainability," International Economic Association Series, Palgrave Macmillan, number 978-0-230-23676-9, December.
    6. Joaquim Silvestre, 2002. "Progress and conservation under Rawls's maximin principle," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 19(1), pages 1-27.
    7. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, in: A Theory of the Consumption Function, pages 1-6, National Bureau of Economic Research, Inc.
    8. Veneziani, Roberto, 2007. "Exploitation and time," Journal of Economic Theory, Elsevier, vol. 132(1), pages 189-207, January.
    9. Sen, Amartya, 1973. "On Economic Inequality," OUP Catalogue, Oxford University Press, number 9780198281931, Decembrie.
    10. Mariotti, Marco & Veneziani, Roberto, 2012. "Allocating chances of success in finite and infinite societies: The utilitarian criterion," Journal of Mathematical Economics, Elsevier, vol. 48(4), pages 226-236.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Time; Inequality; Intertemporal setting; Difference principle;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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