Cowell, Frank and Ebert, U (2006) Inequality and envy. 88. Suntory and Toyota International Centres for Economics and Related Disciplines, London School of Economics and Political Studies, London, UK.
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Using a simple axiomatic structure we characterise two classes of inequality indices - absolute and relative - that take into account “envy” in the income distribution. The concept of envy incorporated here concerns the distance of each person’s income from his or her immediately richer neighbour. This is shown to be similar to justice concepts based on income relativities.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||© 2006 Frank Cowell and Udo Ebert|
|Library of Congress subject classification:||H Social Sciences > HV Social pathology. Social and public welfare. Criminology|
|Journal of Economic Literature Classification System:||D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement|
|Sets:||Collections > Economists Online
Departments > Economics
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Research centres and groups > Centre for Analysis of Social Exclusion (CASE)
|Date Deposited:||22 Aug 2007|
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