EconPapers    
Economics at your fingertips  
 

Chance versus choice: eliciting attitudes to fair compensations

John Bone (), Paolo Crosetto, John Hey and Carmen Pasca

Discussion Papers from Department of Economics, University of York

Abstract: This paper reports an experiment designed to elicit social preferences over income compensation schemes, where income differences between subjects have two independent components: one due to chosen effort and the other due to random chance. These differences can be compensated through social dividends, according to principles chosen beforehand by subjects themselves from behind a stylised Rawlsian veil of ignorance, or outside the society on which the principles will be implemented. We test the attractiveness in particular of Luck Egalitarianism, compensating inequalities due to chance but not those due to choice. We find modest but not overwhelming support for these principles, suggesting that subjects’actual preferences are more complex.

Keywords: chance; choice; envy-freeness; fairness; luck; luck egalitarianism; responsibility (search for similar items in EconPapers)
JEL-codes: C91 D31 D63 (search for similar items in EconPapers)
Date: 2013-07
New Economics Papers: this item is included in nep-cbe, nep-dcm, nep-exp and nep-hrm
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.york.ac.uk/media/economics/documents/discussionpapers/2013/1315.pdf Main text (application/pdf)

Related works:
Working Paper: Change versus choice: eliciting attitudes to fair compensations (2013) Downloads
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:yor:yorken:13/15

Access Statistics for this paper

More papers in Discussion Papers from Department of Economics, University of York Department of Economics and Related Studies, University of York, York, YO10 5DD, United Kingdom. Contact information at EDIRC.
Bibliographic data for series maintained by Paul Hodgson ().

 
Page updated 2025-04-02
Handle: RePEc:yor:yorken:13/15