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Inequality and envy

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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Abstract

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)
Official URL: http://sticerd.lse.ac.uk/
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)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 88
Date Deposited: 22 Aug 2007
URL: http://eprints.lse.ac.uk/2689/

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