Reducing Inequality on the Cheap: When Legal Rule Design Should Incorporate Equity as Well as Efficiency

33 Pages Posted: 19 May 2014  

Zachary D. Liscow

Yale University - Law School

Date Written: May 18, 2014

Abstract

This Note develops a framework for understanding when policymakers should use equity-informed legal rules — rather than taxes — to redistribute. First, policymakers should choose the most efficient way to reduce income inequality, which may involve allocating legal entitlements to the poor, depending upon several factors described in the Note. Second, sometimes legal rules ought to account for non-income characteristics based upon which the tax system would be poorly equipped to redistribute.

Suggested Citation

Liscow, Zachary D., Reducing Inequality on the Cheap: When Legal Rule Design Should Incorporate Equity as Well as Efficiency (May 18, 2014). Yale Law Journal, Vol. 123, No. 7, 2014. Available at SSRN: https://ssrn.com/abstract=2438402

Zachary D. Liscow (Contact Author)

Yale University - Law School ( email )

127 Wall St.
New Haven, CT 06511
United States

Paper statistics

Downloads
360
Rank
66,065
Abstract Views
1,506