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Talents, Preferences and Inequality of Well-Being

Author

Listed:
  • Udo Ebert

    (University of Oldenburg, Department of Economics)

  • Patrick Moyes

Abstract

The distribution of gross income net of taxes and transfers - or equivalenty consumption - is generally considered a reasonable approximation of the distribution of well-being in the society. One typically observes differing trends in the distribution of gross incomes across countries or within the same country over time. Where do these inequalities originate from? Considering a simple model with no taxation and where individuals belonging to the same society have identical preferences but different productivities, we investigate the impact on the distribution of gross income of changes in the way productivities are distributed. We also look for those changes in the common preference ordering that result in more equally distributed incomes when the allocation of productivities is fixed. Finally, we want to know how preferences have to be adjusted for less dispersed talents to always imply more evenly distributed incomes.

Suggested Citation

  • Udo Ebert & Patrick Moyes, 2010. "Talents, Preferences and Inequality of Well-Being," Working Papers V-327-10, University of Oldenburg, Department of Economics, revised Jun 2010.
    • Handle: RePEc:old:dpaper:327
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    File URL: http://www.vwl.uni-oldenburg.de/download/V-327-10.pdf
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    Cited by:

    1. Stephen Bazen & Patrick Moyes, 2012. "Elitism and stochastic dominance," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 39(1), pages 207-251, June.

    More about this item

    Keywords

    Well-Being; Inequality; Talents; Preferences; Lorenz Dominance;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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