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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

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

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

Fragile Algorithms and Fallible Decision-Makers : Lessons from the Justice System

Ludwig, Jens; Mullainathan, Sendhil - National Bureau of Economic Research - 2021

Algorithms (in some form) are already widely used in the criminal justice system. We draw lessons from this experience …

Persistent link: https://www.econbiz.de/10012629487

When Is Discrimination Unfair?

Kuhn, Peter Joseph; Osaki, Trevor T. - National Bureau of Economic Research - 2022

Using a vignette-based survey experiment on Amazon's Mechanical Turk, we measure how people's assessments of the fairness of race-based hiring decisions vary with the motivation and circumstances surrounding the discriminatory act and the races of the parties involved. Regardless of their...

Persistent link: https://www.econbiz.de/10013334453

Regulatory Arbitrage or Random Errors? Implications of Race Prediction Algorithms in Fair Lending Analysis

Greenwald, Daniel; Howell, Sabrina T.; Li, Cangyuan; … - National Bureau of Economic Research - 2023

When race is not directly observed, regulators and analysts commonly predict it using algorithms based on last name and address. In small business lending--where regulators assess fair lending law compliance using the Bayesian Improved Surname Geocoding (BISG) algorithm--we document large...

Persistent link: https://www.econbiz.de/10014337878

Not Playing Favorites : An Experiment on Parental Fairness Preferences

Berry, James - 2020

We conduct a lab-in-the-field experiment to identify parents' preferences for investing in their children. The experiment exogenously varied the short-run returns to educational investments to identify how much parents care about maximizing total household earnings, minimizing cross-sibling...

Persistent link: https://www.econbiz.de/10012479256

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