What´s the monetary value of distributive justice

Giacomo Corneo and Christina M. Fong

No 2007/8, Discussion Papers from Free University Berlin, School of Business & Economics

Abstract: 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.

Keywords: Distributive Justice; Governmental Redistribution; Fairness (search for similar items in EconPapers)
JEL-codes: D63 H24 (search for similar items in EconPapers)
Date: 2007
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Related works:
Journal Article: What's the monetary value of distributive justice (2008)
Working Paper: What’s the Monetary Value of Distributive Justice? (2006)
Working Paper: What's the monetary value of distributive justice? (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:fubsbe:20078

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