Johansson-Stenman, Olof; Carlsson, Fredrik; Daruvala, Dinky - Nationalekonomiska institutionen, Handelshögskolan - 2001
Individuals’ aversion to risk and inequality, and their concern for relative standing, are measured through experimental choices between hypothetical societies. It is found that on average individuals are both fairly inequality-averse and have a strong concern for relative income. The results...