Equality and responsibility: ex ante and ex post redistribution mechanisms

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...

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Bibliographic Details
Published in:Economic theory 2022-06, Vol.73 (4), p.947-975
Main Authors: Bosmans, Kristof, Öztürk, Z. Emel
Format: Article
Language:English
Subjects:
Compensation
Economic theory
Economic Theory/Quantitative Economics/Mathematical Methods
Economics
Economics and Finance
Egalitarianism
Equality
Game Theory
Income distribution
Income redistribution
Income taxes
Individual responsibility
Microeconomics
Principles
Public Finance
Redistribution
Research Article
Social and Behav. Sciences
Taxation
Terminology
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Summary: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.
ISSN:0938-2259
1432-0479
DOI:10.1007/s00199-020-01334-5