We extend Karni & Safra (2002a) axiomatic model of procedural justice to provide a behavioral characterization of aversion to ex-post inequality. Our characterization distinguishes ex-post inequality aversion from other ’social’ motives like altruism and is independent from attitudes towards risk. It allows for violations of the independence axiom to make room for ex-ante inequality aversion and, more generally, procedural justice. Our axiomatic model naturally lends itself to measure the strength of aversion to ex-post inequality. (JEL: D63, D64, D81)
"On Being Inequality Averse: Measurement and Behavioral Characterization" / Andreozzi, Luciano. - ELETTRONICO. - 2019:10(2019).
"On Being Inequality Averse: Measurement and Behavioral Characterization"
Luciano Andreozzi
2019-01-01
Abstract
We extend Karni & Safra (2002a) axiomatic model of procedural justice to provide a behavioral characterization of aversion to ex-post inequality. Our characterization distinguishes ex-post inequality aversion from other ’social’ motives like altruism and is independent from attitudes towards risk. It allows for violations of the independence axiom to make room for ex-ante inequality aversion and, more generally, procedural justice. Our axiomatic model naturally lends itself to measure the strength of aversion to ex-post inequality. (JEL: D63, D64, D81)I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione
