Introducing Equilibrium Concepts into a Contested Field
Chapter 9: Final remarks
AbstractIn ‘Final remarks’, we first test for the (in-)effectiveness of redistribution policies taking the case of Germany. One result for the period between 2001 and 2011 is that the correlation between the two distinct Gini coefficients turns out to be quite significant. This is a clear sign that the government was unable to implement effective redistribution policies. Opposed to this insight, the period 1991–2000 reveals no significant correlation between the two distinct concepts of the Gini coefficient, a result that we take as a strong indicator for some sort of policy effectiveness in the field of redistribution. In the remainder of the chapter, we concentrate on the concept of ‘equity aversion’ and demonstrate with the help of three examples how this type of social preference can inspire the economics of distribution and of redistribution.
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