Inequality and Envy

Frank Cowell () and Udo Ebert

STICERD - Distributional Analysis Research Programme Papers from Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

Abstract: Using a simple axiomatic structure we characterise two classes ofinequality indices - absolute and relative - that take into account "envy"in the income distribution. The concept of envy incorporated hereconcerns the distance of each person's income from his or herimmediately richer neighbour. This is shown to be similar to justiceconcepts based on income relativities.

Keywords: Inequality; envy; transfer principle. (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Date: 2006-12
New Economics Papers: this item is included in nep-hpe, nep-ltv and nep-soc
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https://sticerd.lse.ac.uk/dps/darp/DARP88.pdf (application/pdf)

Related works:
Chapter: Inequality and envy (2008)
Working Paper: Inequality and envy (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:stidar:88

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