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

Oded Stark, Martyna Kobus, and Marcin Jakubek

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. -- Utilitarianism ; Income equality ; Social welfare maximization ; Relative income

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Year of publication:	2011
Authors:	Stark, Oded ; Kobus, Martyna ; Jakubek, Marcin
Publisher:	Bonn : ZEF
Subject:	Utilitarismus \| Utilitarianism \| Einkommensverteilung \| Income distribution \| Soziale Wohlfahrtsfunktion \| Social welfare function \| Nachfrageinterdependenz \| Interdependent preferences \| Theorie \| Theory

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Extent:	Online-Ressource (PDF-Datei: 10 S., 192 KB)
Series:	ZEF discussion papers on development policy. - Bonn : ZEF, ISSN 2942-9471, ZDB-ID 2125885-5. - Vol. 156
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/84803 [Handle]
Classification:	H0 - Public Economics. General ; I0 - Health, Education, and Welfare. General ; I30 - Welfare and Poverty. General ; I31 - General Welfare; Basic Needs; Quality of Life
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009349040