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 Universität Potsdam, Wirtschafts- und Sozialwissenschaftliche Fakultät in its series Finanzwissenschaftliche Diskussionsbeiträge with number 42.
Date of creation: Mar 2004
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Other versions of this item:
- Petersen, H.-G., 1998. "Redistribution and the Efficiency/Justice Trade-Off," DEOS Working Papers 92, Athens University of Economics and Business.
- Petersen, H.-G., 1998. "Redistribution and the Efficiency/Justice Trade-Off," Athens University of Economics and Business 92, Athens University of Economics and Business, Department of International and European Economic Studies.
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
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