A concern about low relative income, and the alignment of utilitarianism with egalitarianism

Oded Stark, Martyna Kobus and Marcin Jakubek

No 117257, Discussion Papers from University of Bonn, Center for Development Research (ZEF)

Abstract: A utilitarian social planner who maximizes social welfare assigns the available income to those who are most efficient in converting income into utility. However, when individuals are concerned about their income falling behind the incomes of others, the optimal income distribution under utilitarianism is equality of incomes.

Keywords: Labor; and; Human; Capital (search for similar items in EconPapers)
Pages: 10
Date: 2011-10
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Related works:
Journal Article: A concern about low relative income, and the alignment of utilitarianism with egalitarianism (2012)
Working Paper: A concern about low relative income, and the alignment of utilitarianism with egalitarianism (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ubzefd:117257

DOI: 10.22004/ag.econ.117257

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