eprintid: 2281
rev_number: 7
eprint_status: archive
userid: 862
dir: disk0/00/00/22/81
datestamp: 2007-03-16
lastmod: 2019-09-28 04:48:03
status_changed: 2007-11-07 01:23:14
type: paper
metadata_visibility: show
abstract: The Stern Review adopts two interesting elements in its calculation of the costs and benefits of climate change mitigation.  First is a ‘global welfarist’ approach that values the utility of the World’s people (now and into the future) equally, and sets global utility maximization as the correct goal for policy.  Second is an assumption of a declining marginal utility to income.  Consistent application of the ‘global welfarist’ approach and the declining marginal utility of income together would demand an urgent process of global income redistribution.  Over the long term, this might see the richest ten percent of the World’s population facing an average redistributive tax rate in the region of 82 percent.
creators_name: Kenny, Charles
creators_id: charlesjkenny@gmail.com
date: 2007-03-01
date_issue: 2007-03-01
file_format: pdf
file_url: http://mpra.ub.uni-muenchen.de/2281/01/MPRA_paper_2281.pdf
full_text_status: public
identifierabstract: http://mpra.ub.uni-muenchen.de/2281/
ispublished: unpub
keywords: Stern Review; Climate Change; Welfare Economics
language: en
referencetext: Stern, N. (2006) The Stern Review Report on the Economics of Climate Change London: UK Treasury.  
Milanovic, B. (2002) True World Income Distribution, 1988 and 1993: First Calculation Based on Household Surveys Alone The Economic Journal 112 (476)
Dikhanov, Y. (2005)  Trends in Global Income Distribution, 1970-200, and Scenarios for 2015 Human Development Report Office Occasional Paper.
subjects: Q54
subjects: O10
subjects: F20
title: A Note on the Ethical Implications of the Stern Review
citation:   Kenny, Charles  (2007): A Note on the Ethical Implications of the Stern Review.    
document_url: https://mpra.ub.uni-muenchen.de/2281/1/MPRA_paper_2281.pdf