The Poverty of Growth with Interdependent Utility Functions

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy.

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Year of publication:	2005
Authors:	Komlos, John ; Salamon, Peter
Institutions:	CESifo
Subject:	interdependent utility functions \| growth \| inequality

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 1470
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005405935