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On the inefficiency of inequality

"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 mor...

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Bibliographic Details
Main Author: Schiff, Maurice W.
Format: eBook
Language:English
Published: Bonn, Germany IZA 2004
Series:Discussion paper
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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100 1 |a Schiff, Maurice W. 
245 0 0 |a On the inefficiency of inequality  |h Elektronische Ressource  |c by Maurice Schiff 
260 |a Bonn, Germany  |b IZA  |c 2004 
041 0 7 |a eng  |2 ISO 639-2 
989 |b WOBA  |a World Bank E-Library Archive 
490 0 |a Discussion paper 
500 |a Includes bibliographical references. - Title from PDF file as viewed on 5/4/2005 
856 4 0 |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3360  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a "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"--Forschungsinstitut zur Zukunft der Arbeit web site 

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