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

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Series:	Munich Discussion Paper ; 2005-9
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.5282/ubm/epub.619 [DOI] 812553349 [GVK] hdl:10419/104164 [Handle] RePEc:lmu:muenec:619 [RePEc]
Classification:	D62 - Externalities ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D64 - Altruism ; o00
Source:	EconStor

Persistent link: https://www.econbiz.de/10010427426