Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/18834 
Year of Publication: 
2005
Series/Report no.: 
CESifo Working Paper No. 1470
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy.
Subjects: 
interdependent utility functions
growth
inequality
JEL: 
D63
D62
O00
D64
Document Type: 
Working Paper
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