A quantitative method for benchmarking fair income distribution.

ABSTRACT: Concern about income inequality has become prominent in public discourse around the world. However, studies in behavioral economics and psychology have consistently shown that people prefer not equal but fair income distributions. Thus, finding a benchmark that could be used to measure fair income distribution across countries is a theoretical and practical challenge. Here a method for benchmarking fair income distribution is introduced. The benchmark is constructed based on the concepts of procedural justice, distributive justice, and authority's power in professional sports since it is not only widely agreed as an international norm that the allocations of athlete's salary are outcomes of fair rules, individual and/or team performance, and luck but also in line with no-envy principle of

SUBMITTER: Sitthiyot T 

PROVIDER: S-EPMC9475281 | biostudies-literature | 2022 Sep

REPOSITORIES: biostudies-literature