Redistribution and individual characteristics
AbstractI study a model where personal income is a function of two different groups of individual characteristics, called "talent" and "effort" respectively. The distinction between these two groups is that society has taken the prior decision that the influence of traits from the first group needs to be moderated by any fair redistribution mechanism while differences in income due to traits from the second group must be preserved. I present two solutions that satisfy several intuitive properties of fairness and I use these properties to characterize both of them.
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Bibliographic InfoArticle provided by Springer in its journal Review of Economic Design.
Volume (Year): 3 (1997)
Issue (Month): 1 ()
Note: Received: 29 October 1995 / Accepted: 6 January 1997
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Other versions of this item:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
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