Should income inequality be praised? Multiple public goods provision, income distribution, and social welfare
抄録
We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a single pure public good model. In contrast, we show that the result of Itaya et al. may not be valid in a case of multiple voluntarily supplied public goods; specifically, we show that not only an income inequality-raising redistribution policy but also an income-equalizing one may raise social welfare. We also show that if altruistically motivated voluntary transfers are allowed, an inequality-raising redistribution policy is no longer effective and leaves social welfare unchanged.
収録刊行物
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- Discussion Paper, Series A
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Discussion Paper, Series A 298 1-37, 2016-01-26
Graduate School of Economics and Business Administration, Hokkaido University
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詳細情報 詳細情報について
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- CRID
- 1050282813996096384
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- NII論文ID
- 120005693921
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- HANDLE
- 2115/60614
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- 本文言語コード
- en
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- 資料種別
- departmental bulletin paper
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- データソース種別
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- IRDB
- CiNii Articles