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statistical tests for fairness within well-defined income distribution generating processes and a well specified notion of … fairness. We find that the likelihood ratio (LR) test for fairness versus unfairness within two such processes are proportional … their values differently – to compare them to critical values for a test of the null hypothesis of fairness, or to use them …
Persistent link: https://www.econbiz.de/10011641764
statistical tests for fairness within well-defined income distribution generating processes and a well specified notion of … fairness. We find that the likelihood ratio (LR) test for fairness versus unfairness within two such processes are proportional … their values differently – to compare them to critical values for a test of the null hypothesis of fairness, or to use them …
Persistent link: https://www.econbiz.de/10012957494
for redistribution. The ndings are supported by the respondents' fairness concerns. Estimated effects exhibit substantial … heterogeneity. There is systematic variation among fairness concerns with respect to income and health, which are triggered by … redistribution. Results suggest that "income-and health-dependent fairness concerns" exist. …
Persistent link: https://www.econbiz.de/10012195792
Well-Being and Fair Distribution provides a rigorous and comprehensive defense of the “social welfare function” as a tool for evaluating governmental policies. In particular, it argues for a “prioritarian” social welfare function: one that gives greater weight to well-being changes...
Persistent link: https://www.econbiz.de/10014174416
Recent models of economic fairness assume that at least some people are motivated to reduce economic differences … concern for fairness extends beyond egocentric comparisons of economic distributions …
Persistent link: https://www.econbiz.de/10014064469
for redistribution. The findings are supported by the respondents' fairness concerns. Estimated effects exhibit … substantial heterogeneity. There is systematic variation among fairness concerns with respect to income and health, which are … favor of redistribution. Results suggest that income- and health-dependent fairness concerns exist …
Persistent link: https://www.econbiz.de/10014101302
Zwei wesentliche Perspektiven, Arbeitslosigkeit zu untersuchen, sind die der Gerechtigkeit und die der Effizienz. Unverschuldete Arbeitslosigkeit wird als ungerecht empfunden. Zugleich wird häufig argumentiert, dass Arbeitslosigkeit zu gesellschaftlichen Wohlfahrtseinbußen führt, da Arbeit...
Persistent link: https://www.econbiz.de/10003592841
This article reviews the distribution of income and wealth in the US from three basic perspectives that tend to be otherwise overlooked if the subject is framed primarily on the basis of the gross statistics: a) quantity and quality of work effort; b) quantity and quality of capital...
Persistent link: https://www.econbiz.de/10012982965
We investigate Veblen effects on work hours, namely the way that a desire to emulate the consumption standards of the rich induces longer work hours among the rest. Consistent with our model of these asymmetric social comparisons, greater inequality predicts longer work hours in ten OECD...
Persistent link: https://www.econbiz.de/10011527208
A large body of evidence suggests that social comparisons matter for workers' valuation of the wage they receive. The consequences of social comparisons in imperfectly competitive labor markets are less well understood. We analyze an oligopsonistic model of the labor market where workers derive...
Persistent link: https://www.econbiz.de/10011660671