Relative deprivation, wealth inequality and economic growth

被引：0

作者：

Baochun Peng

机构：

[1] University of Nottingham - Malaysia,c/o Mrs Lisa Ho, School of Business

来源：

Journal of Economics | 2008年 / 94卷

关键词：

Relative deprivation; Endogenous growth; Inequality; A13; D31; O40;

D O I：

暂无

中图分类号：

学科分类号：

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：6

共 50 条

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