Question

4 page note on economic equality.​

Answer 1

Answer:

In this paper we propose a simple definition of economic equality and characterize non- paternalist egalitarian preferences. We compare our definition to the ideas of envy and fairness and extend these ideas to the case of extended benevolent preferences. In productive economies efficiency and equality may conflict, just as do efficiency and the absence of envy. We suggest a feasible compromise in this case.

It is widely held popular belief that the more progressive the tax system, the greater the disincentive to work effort. This paper seeks to examine the popular belief, and in particular to find circumstances when it may be false. The main conclusion of the paper is that the conditions under which the popular belief is false are stricter than those suggested by previous authors.

Answer 2

Answer:

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Explanation:

Equity or Economic equality is the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics. More specifically, it may refer to equal life chances regardless of identity, to provide all citizens with a basic and equal minimum of income, goods, and services or to increase funds and commitment for redistribution.