Discussion Papers,
Statistics Norway, Research Department

Abstract: It is shown that if social welfare is the sum of logaritmic utility function, the optimal income distribution and the welfare effect of any income redistribution is independet of the equivalence scales. In optimum all households have the same per capita income. Based on this observation it is discussed to what extent traditional welfare theory can be said to be concerned about fair income distribution.

Keywords: Equivalence scales; income distribution; logarthmic utility.

JEL-codes: D10; D31; D63 May 1994

Full text files

dp_118.pdf  

Download statistics

• Statistics Norway, Research Department
• Home page for this series

Questions (including download problems) about the papers in this series should be directed to L Maasø ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:ssb:dispap:118This page generated on 2024-10-30 04:36:17.