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Optimal Redistributive Taxation When Individual Welfare Depends Upon Relative Income

Michael J. Boskin; Eytan Sheshinski

Stanford University

I. Introduction, 589. — II. An optimal negative income tax model, 591. — III. The maximin criterion, 594. — IV. A utilitarian social objective, 597. — V. Conclusion, 598. Our theory … depends upon the validity of a single hypothesis, viz.: that the utility index is a function of relative rather than absolute consumption expenditure. — J. Duesenberry Income, Saving and the Theory of Consumer Behavior

DOI

10.2307/1883177

Volume

92 (4)

Pages

589

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