• Title/Summary/Keyword: accumulation of brute lucks

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What will Happen to the Gini Coefficient When Brute Luck is Accumulated and Leximin-redistributed?: A Simulation Approach (순운의 축적 및 Leximin 재분배에 따른 Gini계수의 변화)

  • Keem, Jung Hoon
    • 사회경제평론
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    • no.38
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    • pp.9-49
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    • 2012
  • Our luck is brute if we cannot choose or control it and, thus, we are not responsible for it. Our luck is optional if we can choose or control it and, thus, we are responsible for it. Egalitarian justice at least demands brute luck be fully neutralized. If, however, brute luck is not fully neutralized and possibly accumulated, what will happen to the Gini coefficients as a measure of inequality due to brute luck? By simulating brute luck under various combinations of the rate of accumulation and the level of, what I call, leximin-redistribution, I obtain the Gini coefficients for the distribution of the accumulated and, then, redistributed brute luck. The level of the leximin-redistribution determines the negative or positive relation between the rate of accumulation and the Gini coefficient. The minimum leximin-redistribution level that generates the negative relation between the rate of accumulation and the Gini coefficient, depends on the characteristics of the starting-point distribution of brute luck. The sooner the leximin-redistribution is ushered in, the lower the minimum level becomes. The so-called 'Growth First Redistribution Later' policy may hurt victims of brute bad luck.