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
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	Wirtschaftswachstum \| Verteilungskonflikt \| Nutzenfunktion \| Konsuminterdependenz \| Theorie \| interdependent utility functions \| growth \| inequality

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Series:	CESifo Working Paper ; 1470
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	488936365 [GVK] hdl:10419/18834 [Handle]
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D62 - Externalities ; o00 ; D64 - Altruism
Source:	EconStor

Persistent link: https://www.econbiz.de/10010261195