An instrumental-variables approach to income redistribution

✍ Scribed by T. Nicolaus Tideman; R. Morris Coats

• Book ID: 104631035
• Publisher: Springer US
• Year: 1987
• Tongue: English
• Weight: 327 KB
• Volume: 52
• Category: Article
• ISSN: 0048-5829
• DOI: 10.1007/bf00123876

✦ Synopsis

When individuals participate in the process that determines their own redistributive obligations and claims, biased outcomes can be expected. This bias can be substantially eliminated by partitioning the collectivity into groups that set one another's redistributive obligations in a cycle.