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Inequality and envy

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). Emerald Group Publishing Limited, Yorkshire, UK, pp. 37-47. ISBN 9781848551343

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Identification Number: 10.1016/S1049-2585(08)16002-1

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
Divisions: Economics
STICERD
Centre for Analysis of Social Exclusion
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: 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
Last Modified: 20 Feb 2019 05:28
URI: http://eprints.lse.ac.uk/id/eprint/35746

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