| | SSRN-Concavity of Utility, Concavity of Welfare, and Redistribution of Income by Louis Kaplow (Site not responding. Last check: 2007-10-07) |
 | | The marginal social value of income redistribution is understood to depend on both the concavity of individuals' utility functions and the concavity of the social welfare function. |
 | | In the pertinent literatures, notably on optimal income taxation and on normative inequality measurement, it seems to be accepted that the role of these two sources of concavity is symmetric with regard to the social concern about inequality in the distribution of income. |
 | | Concavity of utility has a simple, direct effect on the marginal social value of redistribution, as might be expected, whereas concavity of the social welfare function has a more subtle influence, one that in some cases may not be very significant. |
| papers.ssrn.com /sol3/papers.cfm?abstract_id=463241 (327 words) |