Redistribution and the Efficiency/Justice Trade-Off
AbstractSocial justice has become a main objective of economic policy and so often dominates efficiency considerations. In the history of economic thoughts the trade off between efficiency and justice has often been discussed but remained an unsolved problem. In using a simple approach of standard welfare economics the trade-off can be clarified and at least some theoretical arguments found that compulsory income redistribution is usually connected with disincentives and more or less serious efficiency losses.
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Bibliographic InfoPaper provided by Athens University of Economics and Business in its series DEOS Working Papers with number 92.
Length: 34 pages
Date of creation: 1998
Date of revision:
INCOME REDISTRIBUTION ; SOCIAL JUSTICE ; EFFICIENCY;
Other versions of this item:
- Petersen, H.-G., 1998. "Redistribution and the Efficiency/Justice Trade-Off," Athens University of Economics and Business, Athens University of Economics and Business, Department of International and European Economic Studies 92, Athens University of Economics and Business, Department of International and European Economic Studies.
- Hans-Georg Petersen, 2004. "Redistribution and the Efficiency-Justice Trade-off," Finanzwissenschaftliche DiskussionsbeitrÃ¤ge, UniversitÃ¤t Potsdam, Wirtschafts- und Sozialwissenschaftliche FakultÃ¤t 42, Universität Potsdam, Wirtschafts- und Sozialwissenschaftliche Fakultät.
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
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