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
收藏
页码：223 / 229
页数：7
相关论文
共 50 条
  • [41] Wealth Inequality and Economic Power: A Sequential Bargaining Analysis
    Skillman, Gilbert L.
    [J]. METROECONOMICA, 2016, 67 (02) : 291 - 312
  • [42] Economic Inequality, Relative Power, and Religiosity
    Solt, Frederick
    Habel, Philip
    Grant, J. Tobin
    [J]. SOCIAL SCIENCE QUARTERLY, 2011, 92 (02) : 447 - 465
  • [43] Inequality and Economic Growth
    Lorenzi, Peter
    [J]. SOCIETY, 2016, 53 (05) : 474 - 478
  • [44] Aging and Wealth Inequality in a Neoclassical Growth Model
    Vandenbroucke, Guillaume
    [J]. FEDERAL RESERVE BANK OF ST LOUIS REVIEW, 2016, 98 (01): : 61 - 80
  • [45] Inequality and Economic Growth
    Peter Lorenzi
    [J]. Society, 2016, 53 : 474 - 478
  • [46] Economic Inequality: An Obstacle to Economic Growth
    Shevyakov, A. Yu.
    [J]. ZHURNAL NOVAYA EKONOMICHESKAYA ASSOTSIATSIYA-JOURNAL OF THE NEW ECONOMIC ASSOCIATION, 2011, (09): : 197 - 201
  • [47] Does more (or less) lead to violence? Application of the relative deprivation hypothesis on economic inequality-induced conflicts
    Dzuverovic, Nemanja
    [J]. CROATIAN INTERNATIONAL RELATIONS REVIEW, 2013, 19 (68): : 53 - 72
  • [48] Relative Deprivation, Absolute Deprivation, and Homicide: Testing an Interaction Between Income Inequality and Disadvantage
    Burraston, Bert
    Watts, Stephen J.
    McCutcheon, James C.
    Province, Karli
    [J]. HOMICIDE STUDIES, 2019, 23 (01) : 3 - 19
  • [49] Trends in economic growth and levels of wealth inequality in G20 nations: 2001-2013
    Chesters, Jenny
    [J]. CONTEMPORARY SOCIAL SCIENCE, 2016, 11 (2-3) : 270 - 281
  • [50] Sovereign wealth funds and economic growth
    Ermanno Affuso
    Khandokar M. Istiak
    Alex Sharland
    [J]. Journal of Asset Management, 2022, 23 : 201 - 214
12345