Cowell, Frank and Ebert, Udo (2008) Inequality and envy. In: Bishop, John and Zheng, Buhong, (eds.) Inequality and Opportunity: Papers From the Second Ecineq Society Meeting. Research on Economic Inequality,16(16). Emerald Group Publishing Limited, Yorkshire, UK, pp. 37-47. ISBN 9781848551343
Abstract
Our purpose is to examine the “envy” within the context of income inequality measurement. We use a simple axiomatic structure that takes 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. We derive two classes of inequality indices – absolute and relative. The envy concept is shown to be similar to justice concepts based on income relativities. This is the first time a complete characterisation has been provided for envy-related inequality.
| Item Type: | Book Section |
|---|---|
| Official URL: | http://www.emeraldinsight.com/products/books/serie... |
| Additional Information: | © 2008 Emerald Group Publishing Limited |
| Library of Congress subject classification: | H Social Sciences > HC Economic History and Conditions |
| Journal of Economic Literature Classification System: | R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, and Changes |
| Sets: | Departments > Economics Collections > Economists Online 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: | 03 May 2011 09:29 |
| URL: | http://eprints.lse.ac.uk/35746/ |
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