The Poverty of Growth with Interdependent Utility Functions

19 Pages Posted: 31 May 2005

See all articles by John Komlos

John Komlos

Ludwig Maximilian University of Munich (LMU) - Faculty of Economics; CESifo (Center for Economic Studies and Ifo Institute)

Peter Salamon

San Diego State University

Date Written: May 2005

Abstract

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy.

Keywords: Interdependent utility functions, growth, inequality

JEL Classification: D62, D63, D64, O00

Suggested Citation

Komlos, John and Salamon, Peter, The Poverty of Growth with Interdependent Utility Functions (May 2005). CESifo Working Paper Series No. 1470. Available at SSRN: https://ssrn.com/abstract=730443

John Komlos (Contact Author)

Ludwig Maximilian University of Munich (LMU) - Faculty of Economics ( email )

Ludwigstrasse 28
Munich, D-80539
Germany

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Peter Salamon

San Diego State University ( email )

San Diego, CA 92182-0763
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
102
Abstract Views
1,346
rank
264,008
PlumX Metrics