EconStor >
Freie Universität Berlin >
Fachbereich Wirtschaftswissenschaft, Freie Universität Berlin >
Diskussionsbeiträge, FB Wirtschaftswissenschaft, FU Berlin >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/28054
  
Title:What´s the monetary value of distributive justice PDF Logo
Authors:Corneo, Giacomo
Fong, Christina M.
Issue Date:2007
Series/Report no.:Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin 2007/8
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.
Subjects:Distributive Justice
Governmental Redistribution
Fairness
JEL:D63
H24
ISBN:3938369566
Document Type:Working Paper
Appears in Collections:Diskussionsbeiträge, FB Wirtschaftswissenschaft, FU Berlin

Files in This Item:
File Description SizeFormat
541757164.PDF392.85 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/28054

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.