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The word "redistributional" is correct and can be used in written English
It is usually used as an adjective to describe something relating to redistribution. For example, "The government's redistributional policies have helped to reduce poverty."
Dictionary
redistributional
adjective
Relating to redistribution.
Exact(4)
The predominantly European literature on the regulatory state sought to show that governmental action was increasingly based on the use of authority, rules, and standard setting, rather than distributional or redistributional tasks, such as public service provision.
The mere existence of a privately chartered organization like the Chicago Board of Trade, which required the state of Illinois to criminalize and forcibly shut down competing bucket shops, has huge redistributional wealth effects on farmers and consumers — and, of course, bankers, brokers and dealers.
Osborne's speech was like a mini budget and it contained some important redistributional measures.
Redistributional politics may be perilous political turf, but with yet another Robin Hood mega-film due out next year (the director Ridley Scott's version, starring Russell Crowe and Cate Blanchett), it's clear Americans can't get enough of the guy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com