A concern about low relative income, and the alignment of utilitarianism with egalitarianism

A utilitarian social planner who maximizes social welfare assigns the available income to those who are most efficient in converting income into utility. However, when individuals are concerned about their income falling behind the incomes of others, the optimal income distribution under utilitarianism is equality of incomes.

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Year of publication:	2011-10
Authors:	Stark, Oded ; Kobus, Martyna ; Jakubek, Marcin
Institutions:	Zentrum für Entwicklungsforschung (ZEF), Rheinische Friedrich-Wilhelms-Universität Bonn
Subject:	Utilitarianism \| Income equality \| Social welfare maximization \| Relative income \| Labor and Human Capital

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Center for Development Research (ZEF)>Discussion Papers Number 117257
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009371133