Layard, R.; Mayraz, G.; Nickell, S. - In: Journal of Public Economics 92 (2008) 8-9, pp. 1846-1857
In normative public economics it is crucial to know how fast the marginal utility of income declines as income increases. One needs this parameter for cost-bene[fi]t analysis, for optimal taxation and for the (Atkinson) measurement of inequality. We estimate this parameter using four large...