Redistribution and individual characteristics

Inigo Iturbe-Ormaetxe

Review of Economic Design, 1997, vol. 3, issue 1, 45-55

Abstract: I study a model where personal income is a function of two different groups of individual characteristics, called "talent" and "effort" respectively. The distinction between these two groups is that society has taken the prior decision that the influence of traits from the first group needs to be moderated by any fair redistribution mechanism while differences in income due to traits from the second group must be preserved. I present two solutions that satisfy several intuitive properties of fairness and I use these properties to characterize both of them.

Keywords: Redistribution mechanisms; compensation; effort; talent (search for similar items in EconPapers)
JEL-codes: D31 D63 (search for similar items in EconPapers)
Date: 1997-11-27
Note: Received: 29 October 1995 / Accepted: 6 January 1997
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Working Paper: REDISTRIBUTION AND INDIVIDUAL CHARACTERISTICS (1995)
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