to advance both efficiency and equity. Returns to educational investments tend to decrease over the life cycle. Moreover … life cycle. This creates complementarities between efficiency and equity at early stages and trade-offs at late stages. The … paper goes on to discuss specific policies for efficiency and equity at each educational stage, ranging from early childhood …

workers have fairness preferences and hence provide full effort only if their factor return is sufficiently high. With the …

negative. The experimental results indicate that the mechanism is conducive to efficiency, despite the multiplicity of …

An important element for the public support of policies is their perceived justice. At the same time most policy … their own risk preferences. The observed allocations are consistent with four different views of justice under uncertainty …

utilitarian justice concept appended with a safety net for the poorest. Another result is that people are willing to accept income … example, do they argue for or against mandatory participation? Should we have less redistribution and more actuarial fairness …

assume a social welfare function and hence a particular attitude towards equity and justice. We show that previous approaches …