Relative deprivation, wealth inequality and economic growth

被引：6

作者：

Peng, Baochun ^{[1
]}

机构：

[1] Care of Mrs Lisa Ho, Univ Nottingham Malaysia, Sch Business, Semenyih 43500, Selangor, Malaysia

来源：

JOURNAL OF ECONOMICS | 2008年 / 94卷 / 03期

关键词：

relative deprivation; endogenous growth; inequality;

D O I：

10.1007/s00712-008-0014-2

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper presents an endogenous growth model where utility depends on relative deprivation as well as consumption. It is shown that a negative relationship exists between wealth inequality and equilibrium growth rate. In addition, if the concern for relative deprivation is strong enough, instantaneous utility decreases while aggregate income increases.

引用

页码：223 / 229

页数：7

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