Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/84803 
Year of Publication: 
2011
Series/Report no.: 
ZEF Discussion Papers on Development Policy No. 156
Publisher: 
University of Bonn, Center for Development Research (ZEF), Bonn
Abstract: 
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.
Subjects: 
Utilitarianism
Income equality
Social welfare maximization
Relative income
JEL: 
H0
I0
I30
I31
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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