Which Inequality? The Inequality of Endowments versus the Inequality of Rewards
نویسندگان
چکیده
منابع مشابه
Which Inequality? The Inequality of Endowments Versus the Inequality of Rewards∗
Society often allocates valuable resources such as prestigious positions, salaries, or marriage partners via tournament-like institutions. In such situations, inequality affects incentives to compete and hence has a direct impact on equilibrium choices and hence material outcomes. We introduce a new distinction between inequality in initial endowments (e.g. ability, inherited wealth) and inequa...
متن کاملWhich Inequality? The Inequality of Endowments versus the Inequality of Rewards
Perhaps there is no other economic debate older than that over inequality. While most people agree that some reduction of inequality is desirable, there is no consensus over what is meant by equality, nor over what should be equalized (see Amartya Sen 1980; Ronald Dworkin 1981a, 1981b; Henry Phelps Brown 1988; John E. Roemer 1996; and many others). For many economists, the second fundamental we...
متن کاملWhich Inequality? The Inequality of Resources Versus the Inequality of Rewards
We consider a tournament arising out of a matching market. On one side of the market, aspirants who are differentiated in ability choose a level of output. Under assortative matching, higher output leads to a better match. Thus, rather than a “winner-take-all” tournament, there are multiple ranked rewards. That is, the participant with the highest output gets highest reward (the best match), th...
متن کاملInvestigating The Effect of Education Inequality on Inequality of Income Distribution in Iran’s Provinces
Introduction: Inequality of income distribution is one of the socio-economic issues of developing countries, including Iran. One of the proposed solutions to deal with this phenomenon is to reduce educational inequality. The purpose of this study is to investigate the effect of educational inequality on income inequality in the provinces of the country during the years 1380 to 1394. Method: In...
متن کاملInvestigating The Effect of Education Inequality on Inequality of Income Distribution in Iran’s Provinces
Introduction: Inequality of income distribution is one of the socio-economic issues of developing countries, including Iran. One of the proposed solutions to deal with this phenomenon is to reduce educational inequality. The purpose of this study is to investigate the effect of educational inequality on income inequality in the provinces of the country during the years 1380 to 1394. Method: In...
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ژورنال
عنوان ژورنال: American Economic Journal: Microeconomics
سال: 2010
ISSN: 1945-7669,1945-7685
DOI: 10.1257/mic.2.3.106