This paper is prepared as a chapter for the Handbook of Income Distribution, Volume 2 (edited by A. B. Atkinson and F. Bourguignon, Elsevier-North Holland, forthcoming). Like the other chapters in the volume (and its predecessor), the aim is to provide a comprehensive review of a particular area...

Three main elements characterise the notion of sustainable development: first, a broad view of human well-being, in which environmental and social elements are important as well as economic ones; second, the view that many of the effects of today's decisions will last over time, thereby...