Similar Search Results

The Evolution of Ideology, Fairness and Redistribution

Alesina, Alberto F. - 2009

Ideas about what is "fair" above and beyond the individual's position in the income ladder influence preferences for redistribution. We study the dynamic evolution of different economies in which redistributive policies, perceptions of fairness, inequality and growth are jointly determined. We...

Persistent link: https://www.econbiz.de/10012463062

The Injustice of Inequality

Glaeser, Edward L. - 2002

In many countries, the operation of legal, political and regulatory institutions is subverted by the wealthy and the politically powerful for their own benefit. This subversion takes the form of corruption, intimidation, and other forms of influence. We present a model of such institutional...

Persistent link: https://www.econbiz.de/10012469509

Inequalities in Income and Inequalities in Health

Deaton, Angus - 1999

What is inequality in health? Are economists' standard tools for measuring income inequality relevant or useful for measuring it? Does income protect health and does income inequality endanger it? I discuss two different concepts of health inequality and relate each of them to the literature on...

Persistent link: https://www.econbiz.de/10012471653

Fair Pricing

Rotemberg, Julio J. - 2004

I suppose that consumers see a firm as fair if they cannot reject the hypothesis that the firm is somewhat benevolent towards them. Consumers that can reject this hypothesis become angry, which is costly to the firm. I show that firms that wish to avoid this anger will keep their prices rigid...

Persistent link: https://www.econbiz.de/10012467772

Fairness Versus Welfare : Notes on the Pareto Principle, Preferences, and Distributive Justice

Kaplow, Louis - 2003

In Fairness versus Welfare, we advance the thesis that social policies should be assessed based entirely on their effects on individuals' well-being. This thesis implies that no independent weight should be accorded to notions of fairness (other than many purely distributive notions). We support...

Persistent link: https://www.econbiz.de/10012469076

Coordination, Fair Treatment and Inflation Persistence

Driscoll, John C. - 2002

Most wage-contracting models with rational expectations fail to replicate the persistence in inflation observed in the data. We argue that coordination problems and multiple equilibria are the keys to explaining inflation persistence. We develop a wage-contracting model in which workers are...

Persistent link: https://www.econbiz.de/10012469536

Pricing when Customers Care about Fairness but Misinfer Markups

Eyster, Erik - 2017

This paper proposes a theory of price rigidity consistent with survey evidence that firms stabilize prices out of … fairness to their consumers. The theory relies on two psychological assumptions. First, customers care about the fairness of … rigid. Embedded in a simple macroeconomic model, our pricing theory produces nonneutral monetary policy, a short …

Persistent link: https://www.econbiz.de/10012453933

Fair Trade Agreements

Passarelli, Francesco; Staiger, Robert W. - National Bureau of Economic Research - 2024

fairness and social justice are increasingly voiced by citizens and their governments around the world. Taking a novel "bottom …

Persistent link: https://www.econbiz.de/10015056179

Markups and Inequality

Boar, Corina - 2019

We study the aggregate and distributional impact of product market interventions and profit taxes using a model of firm dynamics, credit constraints and incomplete markets. A key ingredient of our model is that markups are endogenous so that the markup a producer charges depends on the amount of...

Persistent link: https://www.econbiz.de/10012479902

Public Economics and Inequality : Uncovering Our Social Nature

Saez, Emmanuel - National Bureau of Economic Research - 2021

This paper argues that the social nature of humans, absent from the standard economic model, is crucial to understand our large modern social states and why concerns about inequality are so pervasive. A social solution arises when a situation is resolved at the group level (rather than the...

Persistent link: https://www.econbiz.de/10012482605

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