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What´s the monetary value of distributive justice

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  • Corneo, Giacomo
  • Fong, Christina M.

Abstract

This paper proposes a model that can be implemented to estimate the willingness to pay for distributive justice, defined as distribution according to desert. We derive a formula that allows one to recover the willingness to pay for distributive justice from fiscal data and the estimated coefficients of a probit regression. Using this formula and data from a 1998 Gallup Social Audit, we find that on average the monetary value of justice for US households amounts to about one fifth of their disposable income. Moreover, we find evidence of markedly heterogeneous preferences for justice along the lines of race and education. --

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Bibliographic Info

Paper provided by Free University Berlin, School of Business & Economics in its series Discussion Papers with number 2007/8.

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Date of creation: 2007
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Handle: RePEc:zbw:fubsbe:20078

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Keywords: Distributive Justice; Governmental Redistribution; Fairness;

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  1. Alberto Alesina & George-Marios Angeletos, 2005. "Fairness and Redistribution," American Economic Review, American Economic Association, American Economic Association, vol. 95(4), pages 960-980, September.
  2. Alberto Alesina & Eliana La Ferrara, 2001. "Preferences for Redistribution in the Land of Opportunities," Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research 1936, Harvard - Institute of Economic Research.
  3. John E. Roemer, . "To What Extent Do Fiscal Regimes Equalize Opportunities For Income Acquisition Among Citizens," Department of Economics, California Davis - Department of Economics 00-03, California Davis - Department of Economics.
  4. La Ferrara, Eliana & Alesina, Alberto, 2005. "Preferences for Redistribution in the Land of Opportunities," Scholarly Articles 4552533, Harvard University Department of Economics.
  5. Corneo, Giacomo & Grüner, Hans Peter, 2001. "Individual Preferences for Political Redistribution," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2694, C.E.P.R. Discussion Papers.
  6. Ernst Fehr & Klaus M. Schmidt, . "Theories of Fairness and Reciprocity - Evidence and Economic Applications," IEW - Working Papers 075, Institute for Empirical Research in Economics - University of Zurich.
  7. Thurow, Lester C, 1971. "The Income Distribution as a Pure Public Good," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 85(2), pages 327-36, May.
  8. Eckel, Catherine C. & Grossman, Philip J., 1996. "Altruism in Anonymous Dictator Games," Games and Economic Behavior, Elsevier, Elsevier, vol. 16(2), pages 181-191, October.
  9. Thomas Piketty, 1994. "Social Mobility and Redistributive Politics," Working papers, Massachusetts Institute of Technology (MIT), Department of Economics 94-15, Massachusetts Institute of Technology (MIT), Department of Economics.
  10. Erik Schokkaert, 1998. "Mr. Fairmind Is Post-Welfarist: Opinions on Distributive Justice," Public Economics Working Paper Series, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Working Group Public Economics ces9809, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Working Group Public Economics.
  11. Fong, Christina, 2001. "Social preferences, self-interest, and the demand for redistribution," Journal of Public Economics, Elsevier, Elsevier, vol. 82(2), pages 225-246, November.
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