Inequality and envy

Cowell, Frank ORCID: 0000-0002-3778-2152 and Ebert, U (2006) Inequality and envy. . Suntory and Toyota International Centres for Economics and Related Disciplines, 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
Divisions:	Economics STICERD Centre for Analysis of Social Exclusion
Subjects:	H Social Sciences > HV Social pathology. Social and public welfare. Criminology
JEL classification:	D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Date Deposited:	22 Aug 2007
Last Modified:	11 Dec 2024 18:46
URI:	http://eprints.lse.ac.uk/id/eprint/2689

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