Cookies?
Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) LSE RSS Contact Us YouTube Twitter

Abstract:

DARP Paper
 Inequality and Envy
 Frank A Cowell and Udo Ebert
December 2006
Paper No' DARP 088:
Full Paper (pdf)

JEL Classification: D63

Tags: inequality; envy; transfer principle.

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.


  • Search Papers:


  • Popular Subjects


Copyright © STICERD & LSE 2015 - 2019  |  LSE, Houghton Street, London WC2A 2AE  |  Tel: +44(0)20 7955 6699  |  Email: STICERD@lse.ac.uk  |   Site updated 19 August 2019
Use of this website is subject to, and implies acceptance of, its Terms of use (including Copyright and intellectual property, Privacy and data protection, and Accessibility).
The London School of Economics and Political Science is a School of the University of London. It is a charity and is incorporated in England as a company limited by guarantee under the Companies Acts (Reg no. 70527).The registered office address of the School is: The London School of Economics and Political Science, Houghton Street, London WC2A 2AE, UK; Tel: +44 (0)20 7405 7686