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Which inequalities among individuals are considered unjust? This paper reports the results of an experiment designed to study distributive choices dealing with arbitrarily unequal initial endowments. In a three-person distribution problem where subjects either know or do not know their...
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We introduce a formal notion to define distributive justice in the random assignment problem that considers an assignment just if it has the lowest inequality in the distribution of envy among agents. A random assignment has a lower inequality than another one if the former has a lower total...
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Let there be two individuals: "rich," and "poor." Due to inefficiency of the income redistribution policy, if a social planner were to tax the rich in order to transfer to the poor, only a fraction of the taxed income would be given to the poor. Under such inefficiency and a standard utility...
Persistent link: https://www.econbiz.de/10011542159
Several studies have demonstrated that income inequality has risen since the 1960s. Other studies have found that people underestimate the extent of the inequality. Reasons for these mis-perceptions include over-reliance on one's own local environment and ideologically-motivated reasoning. We...
Persistent link: https://www.econbiz.de/10012839150
Let there be two individuals: “rich,” and “poor.” Due to inefficiency of the income redistribution policy, if a social planner were to tax the rich in order to transfer to the poor, only a fraction of the taxed income would be given to the poor. Under such inefficiency and a standard...
Persistent link: https://www.econbiz.de/10012992345
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