Project description
Considering heterogeneity and diversity for fairer redistribution policies
Although heterogeneity and diversity in individuals’ preferences, needs and skills are key to explaining variations in behaviour and to anticipating responses to policy changes, there is no consensus about how these differences should be considered in relation to policies. To reexamine this ethical challenge, the EU-funded VALURED project aims at mapping value judgments and redistribution policies. Combining welfare economics with public economics, the project will look at income taxation and address the ethical challenges related to individuals’ heterogeneity in preferences, needs and skills. Moreover, focussing on capital taxation, it will address individuals’ differences in risk preferences and information, while by analysing the design of inheritance taxation, it will address the social concerns for intergenerational and intragenerational equity.
Objective
Heterogeneity and diversity are a pervasive aspect of modern societies. Differences in individuals’ preferences, needs, skills, and information are key to explain variation in individuals’ behavior and to anticipate individuals’ responses to policy changes. There is no consensus, however, about how to take these differences into account when evaluating policies.
Project VALURED will reexamine this ethical challenge by characterizing the mapping between value judgments—i.e. principles of distributive justice—and redistribution policies. This mapping is tremendously important for welfare analysis and policy design. First, it associates the most desirable policy to each set of value judgments, providing an “ethical menu” to policy design. Second, it gives an ethical identity of each policy proposal, that is, it identifies the value judgments a policymaker endorses when proposing a specific policy.
The main objectives of VALURED are to:
1) identify transparent and compelling value judgments that accommodate heterogeneity and diversity;
2) show the implications of these value judgments for the evaluation and design of redistribution policies;
3) characterize welfare criteria that respect individuals’ preferences and account for individuals’ differences in needs, skills, and information;
4) provide new insights for the design of income, capital, and inheritance taxation;
5) develop simple formulas that express optimal policies as a function of observable heterogeneity and ethical parameters.
Project VALURED combines welfare economics with public economics. The first part deals with income taxation and addresses the ethical challenges related to individuals’ heterogeneity in preferences, needs, and skills. The second part focuses on capital taxation and addresses individuals’ differences in risk preferences and information. The third part analyses the design of inheritance taxation and addresses the social concerns for intergenerational and intragenerational equity.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
ERC-STG - Starting Grant
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2018-STG
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
9000 St Gallen
Switzerland
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.