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Title:On the Inefficiency of Inequality PDF Logo
Authors:Schiff, Maurice
Issue Date:2004
Series/Report no.:IZA Discussion paper series 1283
Abstract:A number of studies have examined the implications of preference interdependence. This paper models utility as depending on other people?s consumption levels and shows that welfare declines with inequality, equilibrium inequality is inefficient, and the optimal intervention leads to a more equal distribution.
Subjects:inequality
efficiency
JEL:H21
H23
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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