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)
2019
Trento
Università di Trento
Andreozzi, Luciano
"On Being Inequality Averse: Measurement and Behavioral Characterization" / Andreozzi, Luciano. - ELETTRONICO. - 2019:10(2019).
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11572/274927
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact