What´s the monetary value of distributive justice

Arbeitspapier

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.

Object Details

• ISBN: 3938369566
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Diskussionsbeiträge ; No. 2007/8

Classification and Topics

• Classification: Wirtschaft ; Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
• Subject: Distributive Justice ; Governmental Redistribution ; Fairness ; Verteilungsgerechtigkeit ; Gerechtigkeit ; Einkommensumverteilung ; Willingness to pay ; Schätzung ; USA

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Corneo, Giacomo ; Fong, Christina M.
• Event: Veröffentlichung
• (who): Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft
• (where): Berlin
• (when): 2007

Further information

• Handle: http://hdl.handle.net/10419/28054
• Last update: 10.03.2025, 11:44 AM CET