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Transfer principles and inequality aversion, with an application to optimal growth. (English) Zbl 0980.91060
Summary: In this note, we study two principles of proportional transfers which are more egalitarian than the Pigou-Dalton principle of transfer, and derive the constraints that such principles impose on an additive social welfare function in a general setting and on the optimal growth path in an intertemporal setting.

MSC:
91B62 Economic growth models
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