What’s the monetary value of distributive justice
Corneo, Giacomo ;  Fong, Christina M. ;  ;  Universität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft

Main titleWhat’s the monetary value of distributive justice
AuthorCorneo, Giacomo
AuthorFong, Christina M.
EditorUniversität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft
No. of Pages55 S.
Series ; 2007,8 : Volkswirtschaftliche Reihe
Keywordsdistributive justice, governmental redistribution, fairness
Classification (DDC)336 Public finance
Also published in
AbstractThis 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 forUS 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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FU DepartmentDepartment Business and Economics
Year of publication2007
Type of documentBook
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Created at2008-06-11 : 08:33:33
Last changed2016-01-05 : 02:38:11
Static URLhttp://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000000188