1. Equality and responsibility: Ex ante and ex post redistribution mechanisms
- Author
-
Z. Emel Öztürk, Kristof Bosmans, Microeconomics & Public Economics, RS: GSBE Theme Human Decisions and Policy Design, RS: GSBE UM-BIC, Department of Economics, and Research Group: Economics
- Subjects
Economics and Econometrics ,Responsibility ,Economics ,Justice ,Social Sciences ,d63 - Equity ,OPPORTUNITY ,Microeconomics ,Reward ,Business & Economics ,0502 economics and business ,and Other Normative Criteria and Measurement ,Moral responsibility ,050207 economics ,Ex-ante ,05 social sciences ,Redistribution (cultural anthropology) ,Equity ,Inequality ,Ex ante ,d63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ,050206 economic theory ,Ex post ,INEQUALITY ,Compensation ,Public finance - Abstract
We study redistribution in a setting where individual responsibility and circumstance characteristics determine pre-tax income. We distinguish between ex ante and ex post versions of the key principles of compensation and reward. Furthermore, we distinguish between absolute and relative versions of reward. On the basis of these axioms, we provide characterizations of five familiar and two new redistribution mechanisms.
- Published
- 2022