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Equality of opportunity, moral hazard and the timing of luck

Arnaud Lefranc (University of Cergy-Pontoise, THEMA and IZA), Alain Trannoy (Aix-Marseille University, CNRS and EHESS) ; IZA, Institute of Labor Economics

Equality of opportunity is usually defined as a situation where the effect of circumstances on outcome is nullified (compensation principle) and effort is rewarded (reward principle). We propose a new version of the reward principle based on the idea that effort deserves reward for it is costly. We...

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Bibliographic details
Main Author: Lefranc, Arnaud
Trannoy, Alain ¬[Verfasser]
Format: eBook
Language: English
Related: Forschungsinstitut zur Zukunft der Arbeit ¬[Herausgebendes Organ]
Ort : Verlag : ErscheinungsdatumBonn, Germany : IZA Institute of Labor Economics : March 2017
Extent: 1 Online-Ressource (36 Seiten) : Diagramme
Umfang: (Dateityp; Kodierungsformat)Textdatei; PDF
Series: Discussion paper ; no. 10645
Links: Fulltext
HBZ-ID: HT019286082 » further libraries in North Rhine-Westphalia
Database: ULB Bonn