The compensation problem with fresh starts

Aitor Calo-Blanco ()
Additional contact information
Aitor Calo-Blanco: University of Coruna, Spain & Université catholique de Louvain, CORE, Belgium

No 2012036, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: Forgiveness is an ethical ideal that advocates that a fresh start should be conferred on those individuals who regret their past choices. Grounded on such a principle, Fleurbaey (2005) proposes the use of the equivalent endowment as the proper measure of the welfare loss experienced by those who have mismanaged their initial resources. In this paper we provide the forgiveness framework with an ethical foundation that allows us to formally deal with the compensation problem. We obtain that different solutions to the ideal of forgiveness can arise according to the distributional requirements that society wants to satisfy.

Keywords: forgiveness; fairness; responsibility (search for similar items in EconPapers)
JEL-codes: D63 I31 (search for similar items in EconPapers)
Date: 2012-10-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://sites.uclouvain.be/core/publications/coredp/coredp2012.html (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2012036

Access Statistics for this paper

More papers in LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) Voie du Roman Pays 34, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Alain GILLIS ().