Working Paper
The Poverty of Growth with Interdependent Utility Functions
John Komlos, Peter Salamon
CESifo, Munich, 2005
CESifo Working Paper No. 1470
CESifo, Munich, 2005
CESifo Working Paper No. 1470
![](https://cesifo.org/DocImg/cesifo1_wp1470.jpg?c=1689237041)
We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy.
Keywords: interdependent utility functions, growth, inequality