Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/84803
Authors: 
Stark, Oded
Kobus, Martyna
Jakubek, Marcin
Year of Publication: 
2011
Series/Report no.: 
ZEF Discussion Papers on Development Policy 156
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
Document Type: 
Working Paper

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