Relative deprivation, wealth inequality and economic growth

Baochun Peng

doi:10.1007/s00712-008-0014-2

Relative deprivation, wealth inequality and economic growth

Baochun Peng

Research output: Journal article publication › Journal article › Academic research › peer-review

8 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	223-229
Number of pages	7
Journal	Journal of Economics/ Zeitschrift fur Nationalokonomie
Volume	94
Issue number	3
DOIs	https://doi.org/10.1007/s00712-008-0014-2
Publication status	Published - 1 Sept 2008
Externally published	Yes

Keywords

Endogenous growth
Inequality
Relative deprivation

ASJC Scopus subject areas

General Business,Management and Accounting
Economics and Econometrics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

More information

10.1007/s00712-008-0014-2

Cite this

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KW - Inequality

KW - Relative deprivation

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M3 - Journal article

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Relative deprivation, wealth inequality and economic growth

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

More information

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