Boskin MJ, Sheshinski E.
Optimal Redistributive Taxation When Individual Welfare Depends upon Relative Income. [Internet]. 1978.
Publisher's VersionAbstractI. 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 [...]
