Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/52237
Authors: 
Stark, Oded
Kobus, Martyna
Jakubek, Marcin
Year of Publication: 
2011
Series/Report no.: 
University of Tübingen working papers in economics and finance 21
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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