Working Paper
The Poverty of Growth with Interdependent Utility Functions
John Komlos, Peter Salamon
CESifo, Munich, 2005
CESifo Working Paper No. 1470
CESifo, Munich, 2005
CESifo Working Paper No. 1470
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