Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/32485 
Year of Publication: 
2008
Series/Report no.: 
Wirtschaftswissenschaftliche Beiträge No. 103
Publisher: 
Bayerische Julius-Maximilians-Universität Würzburg, Lehrstuhl für Volkswirtschaftslehre, insbes. Wirtschaftsordnung und Sozialpolitik, Würzburg
Abstract: 
Although there is a vast theoretical literature on the existence of a tradeoff between equity and efficiency, empirical investigations often fail to find evidence for this proposition. Furthermore there are hints that some social models in Europe can cope better with this trade-off and are actually able to provide what economists call a free lunch. In this paper we use data from the Luxembourg Income Studies (LIS) to evaluate (a) whether there really exists something like a free lunch and (b) whether some social systems are actually better in coping with the trade-off between equity and efficiency.
Subjects: 
equity
efficiency
tradeoff
welfare states
JEL: 
D61
D63
Document Type: 
Working Paper

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