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:	2005-05
Authors:	Salamon, Peter ; Komlos, John
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Interdependent utility functions \| growth \| inequality

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Extent:	application/pdf
Series:	Discussion Papers in Economics.
Type of publication:	Book / Working Paper
Language:	English
Classification:	D62 - Externalities ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D64 - Altruism ; o00
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005649774