social planner's aversion to inequality, embedded in an isoelastic social welfare function indexed by a parameter alpha, or …

social planner's aversion to inequality, embedded in an isoelastic social welfare function indexed by a parameter alpha, or …

income inequality in a society. However, can such a transfer reduce the welfare of the society? We show that a rich …-to-poor transfer can induce a response in the individuals' behaviors which actually exacerbates, rather than reduces, income inequality … space of admissible utility functions. In addition, we show that a rich-to-poor transfer can exacerbate inequality when we …

to be the most intuitive and straightforward way of reducing income inequality in a society. However, can such a transfer …' behaviors which actually exacerbates , rather than reduces, income inequality as measured by the Gini index. We use this result … show that a rich-to-poor transfer can exacerbate inequality when we employ Lorenz-domination, and that it can decrease …