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dc.contributor.authorKaplow, Louis
dc.date.accessioned2014-04-05T00:55:35Z
dc.date.issued2010
dc.identifier.citationLouis Kaplow, Concavity of Utility, Concavity of Welfare, and Redistribution of Income, 17 Int'l Tax & Pub. Fin. 25 (2010).en_US
dc.identifier.issn0927-5940en_US
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:12027853
dc.description.abstractThe marginal social value of income redistribution is understood to depend on both the concavity of individuals’ utility functions and the concavity of the social welfare function. In the pertinent literatures, notably on optimal income taxation and on normative inequality measurement, it seems to be accepted that the role of these two sources of concavity is symmetric with regard to the social concern about inequality in the distribution of income. Direct examination of the question, however, reveals that this is not the case. Concavity of utility has a simple, direct effect on the marginal social value of redistribution, as might be expected, whereas concavity of the social welfare function has a more subtle influence, one that in some cases may not be very significant. The implications of this difference are examined for some standard forms of utility and welfare functions, including particular versions that appear in the optimal income taxation literature.en_US
dc.language.isoen_USen_US
dc.publisherKluwer Academic Publishersen_US
dc.relation.isversionofhttp://link.springer.com/article/10.1007%2Fs10797-008-9097-5#page-1
dc.relation.hasversionhttp://lsr.nellco.org/cgi/viewcontent.cgi?article=1225&context=harvard_olinen_US
dc.relation.hasversionhttp://www.nber.org/papers/w10005.pdf?new_window=1en_US
dc.relation.hasversionhttp://papers.ssrn.com/sol3/papers.cfm?abstract_id=463241en_US
dash.licenseOAP
dc.titleConcavity of Utility, Concavity of Welfare, and Redistribution of Incomeen_US
dc.typeJournal Articleen_US
dc.description.versionAuthor's Originalen_US
dc.relation.journalInternational Tax and Public Financeen_US
dash.depositing.authorKaplow, Louis
dc.date.available2014-04-05T00:55:35Z
dc.identifier.doi10.1007%2Fs10797-008-9097-5#page-1*
workflow.legacycommentsen_US
dash.contributor.affiliatedKaplow, Louis


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