Three determining factors for economic inequality are self-chosen effort, self-chosen risk, and external circumstances … setting where inequality is due to a choice over effort-provision and a choice over risk-taking. While the resulting … inequality is mostly seen as fair, around 10% of third-party redistribution decisions are in line with a fairness norm that only …

A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and … intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is … lower (higher) and the SCC higher (lower) than along an inequality-neutral growth path, especially if intra-generational and …

relationship between inequality of entitlements, mortality risk, and the size of redistribution in a stylized social security …