May Growth Lead to Higher Deprivation Despite Higher Satisfaction?

In a relative deprivation framework, unless inequality is reduced, growth is associated with both higher satisfaction and higher deprivation. This may help explain the discontent with growth despite its benefits. As is well known in the literature, knowledge of the population's mean income and Lorenz curve is all that is needed to analyze a distribution, so that this can also be used to assess the satisfaction and deprivation of each individual. Given the normalization used to derive the satisfaction and deprivation measures, satisfaction and deprivation add up to the mean income for the population as a whole as well as for each individual.

Bibliographic Details

Main Authors:	Yitzhaki, Shlomo, Wodon, Quentin
Language:	English
Published:	2009-04-01
Subjects:	ABSOLUTE AMOUNT, AMOUNT OF INCOME, COMMODITIES, COMMODITY, CONSUMER, CONSUMER BEHAVIOR, DECREASING FUNCTION, DIMINISHING MARGINAL UTILITY, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC INEQUALITY, ECONOMIC MODELS, ECONOMIC PERFORMANCE, ECONOMIC RESEARCH, ECONOMIC REVIEW, ECONOMIC THEORY, EMPIRICAL EVIDENCE, EMPIRICAL RESEARCH, GDP, GDP PER CAPITA, GENERAL EQUILIBRIUM, GINI COEFFICIENT, GINI INDEX, GROWTH PROCESS, IMPERFECT COMPETITION, IMPERFECT INFORMATION, INCOME, INCOME DISTRIBUTION, INCOME INEQUALITY, INCOMES, INCREASING FUNCTION, INEQUALITY INDEX, INEQUALITY MEASURE, INEQUALITY MEASURES, LABOUR, LORENZ CURVE, MARGINAL COST, MARGINAL UTILITY, MARKET ECONOMY, MEAN INCOME, MORTALITY, MOTIVATION, PER CAPITA INCOME, POLICY RESEARCH, PUBLIC ECONOMICS, PUBLIC POLICY, RELATIVE INCOME, SOCIAL WELFARE, UTILITY FUNCTION, VALUATION, WAGE, WELL-BEING, WORTH,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090429155103 https://hdl.handle.net/10986/4111
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