The Marginal Utility of Income.
In normative public economics it is crucial to know how fast the marginal utility of income declines as income increases. One needs this parameter for cost-benefit analysis, for optimal taxation and for the (Atkinson) measurement of inequality. We estimate this parameter using four large cross-secti...
| Päätekijät: | , , |
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| Aineistotyyppi: | Working paper |
| Kieli: | English |
| Julkaistu: |
Centre for Economic Performance, LSE
2007
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