What's the Monetary Value of Distributive Justice?

By G. Corneo, Christina M. Fong. Social Science Research Network, 2006

123 citations recorded by the source corpus.

This paper proposes a model that can be implemented to estimate the willingness to pay for distributive justice. A formula is derived that allows one to recover the willingness to pay for distributive justice from the estimated coefficients of a probit regression and fiscal data. Using this formula and data from a 1998 Gallup Social Audit, we find that the monetary value of justice in the United States is about one fifth of GDP. We find no evidence that the value of justice varies across types of people.

Subfields: Economics and Econometrics, Safety Research, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/5c5eb58552416bf5bcd1de32043cd79f7602b381

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Christina M. Fong
2. Erzo F. P. Luttmer
3. Jeff Larrimore
4. Richard V. Burkhauser
5. Shuaizhang Feng
6. Stephen P. Jenkins
7. A. Alesina
8. J. Lind

In Safety Research

1. Erzo F. P. Luttmer
2. Christina M. Fong

In Sociology and Political Science

1. Jeff Larrimore
2. Richard V. Burkhauser
3. Shuaizhang Feng
4. Erzo F. P. Luttmer
5. Christina M. Fong
6. Stephen P. Jenkins
7. Claudia Senik
8. Andrew E. Clark

Citations in the corpus

• Recent Trends in Top Income Shares in the USA: Reconciling Estimates from March CPS and IRS Tax Return Data (2009, background): “5 See Scholz and Levine (2002), Corneo and Fong (2008), and Bach, Corneo, and Steiner (2009) for examples of this type of measure.”
• Do fairness and race matter in generosity? Evidence from a nationally representative charity experiment (2011, background): “The 95%-confidence interval on 15 This is consistent with findings reported elsewhere that groups with lower socioeconomic status, including non-whites compared to whites, place a lower monetary value on redistributing resources on the basis of recipient “worthiness” (Corneo and Fong, 2008).”