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Inequality and happiness: When perceived social mobility and economic reality do not match

Bjornskov, Christian; Dreher, Axel; Fischer, Justina AV; … - Volkswirtschaftliche Fakultät, … - 2010

In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …

Persistent link: https://www.econbiz.de/10008683292

Inequality and happiness: When perceived social mobility and economic reality do not match.

Bjornskov, Christian; Dreher, Axel; Fischer, Justina A.V.; … - Volkswirtschaftliche Fakultät, … - 2013

We argue that perceived fairness of the income generation process affects the association between income inequality and … income redistribution. Income inequality is predicted to have a more favorable impact on subjective wellbeing for individuals … differences in individual tolerance for income inequality, and the predicted influence of actual fairness. …

Persistent link: https://www.econbiz.de/10011112607

On the relation between income inequality and happiness: Do fairness perceptions matter?

Bjornskov, Christian; Dreher, Axel; Fischer, Justina AV; … - Volkswirtschaftliche Fakultät, … - 2009

In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …

Persistent link: https://www.econbiz.de/10008557077

On the relation between income inequality and happiness: Do fairness perceptions matter?

Bjornskov, Christian; Dreher, Axel; Fischer, Justina AV; … - Volkswirtschaftliche Fakultät, … - 2009

Persistent link: https://www.econbiz.de/10008557081

Cardiovascular Consequences of Unfair Pay

Falk, Armin; Menrath, Ingo; Siegrist, Johannes; Verde, … - C.E.P.R. Discussion Papers - 2011

This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment agents produce revenue by working on a tedious task. Principals decide how this revenue is allocated between themselves and their agents. In this environment unfairness can arise...

Persistent link: https://www.econbiz.de/10009144731

An Ordinal Shapley Value for Economic Environments

Pérez-Castrillo, David; Wettstein, David - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

We propose a new solution concept to address the problem of sharing a surplus among the agents generating it. The problem is formulated in the preferences-endowments space. The solution is defined recursively, incorporating notions of consistency and fairness and relying on properties satisfied...

Persistent link: https://www.econbiz.de/10010547173

Asymmetrically Fair Rules for an Indivisible Good Problem with a Budget Constraint

Jaramillo, Paula; Kayi, Çagatay; Klijn, Flip - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

We study a particular restitution problem where there is an indivisible good (land or property) over which two agents have rights: the dispossessed agent and the owner. A third party, possibly the government, seeks to resolve the situation by assigning rights to one and compensate the other....

Persistent link: https://www.econbiz.de/10010547276

Fairness, Efficiency, and the Nash Bargaining Solution

Rachmilevitch, Shiran - Department of Economics, University of Haifa

A bargaining solution balances fairness and efficiency if each player's payoff lies between the minimum and maximum of the payoffs assigned to him by the egalitarian and utilitarian solutions. In the 2-person bargaining problem, the Nash solution is the unique scale-invariant solution satisfying...

Persistent link: https://www.econbiz.de/10009324194

Fairness in Bargaining and the Kalai-Smorodinsky Solution

Rachmilevitch, Shiran - Department of Economics, University of Haifa

A bargaining solution guarantees minimal equity if each player's payoff is at least as large as the minimum of the payoffs assigned to him by the equal-gain (i.e., egalitarian) and equal-loss solutions. The Kalai-Smorodinsky solution is the unique scale-invariant 2-person solution with this...

Persistent link: https://www.econbiz.de/10009368519

What's the monetary value of distributive justice?

Corneo, Giacomo; Fong, Christina - C.E.P.R. Discussion Papers - 2005

This paper develops a simple theoretical model that can be implemented to estimate the willingness to pay for distributive justice. We derive a formula that allows one to recover the willingness to pay for distributive justice from the estimated coefficients of a probit regression and fiscal...

Persistent link: https://www.econbiz.de/10005792214