Inequality and Envy

15 Pages Posted: 9 Apr 2008

See all articles by Frank Cowell

Frank Cowell

London School of Economics & Political Science (LSE) - Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)

Udo Ebert

University of Oldenburg - Department of Economics and Statistics

Date Written: December 2006

Abstract

Using a simple axiomatic structure we characterise two classes of inequality indices - absolute and relative - that take into account "envy" in the income distribution. The concept of envy incorporated here concerns the distance of each person's income from his or her immediately richer neighbour. This is shown to be similar to justice concepts based on income relativities.

JEL Classification: D63

Suggested Citation

Cowell, Frank A. and Ebert, Udo, Inequality and Envy (December 2006). , Vol. , pp. -, 2006. Available at SSRN: https://ssrn.com/abstract=1117707

Frank A. Cowell (Contact Author)

London School of Economics & Political Science (LSE) - Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) ( email )

Houghton Street
London WC2A 2AE
United Kingdom
+44 (0)171-955 7277 (Phone)
+44 (0)171-242 2357 (Fax)

Udo Ebert

University of Oldenburg - Department of Economics and Statistics ( email )

Oldenburg, D 26111
Germany
[49]-441-7988225 (Phone)
[49]-441-7988309 (Fax)

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