Inequality and envy

Frank Cowell () and Udo Ebert

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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.

Keywords: Inequality; envy; transfer principle (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2006-12
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http://eprints.lse.ac.uk/2689/ Open access version. (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:ehl:lserod:2689

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