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Inequality and Happiness: When Perceived Social Mobility and Economic Reality do not Match
Bjørnskov, Christian; Dreher, Axel; Fischer, Justina A.V. - CESifo - 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/10008671705
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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
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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
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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
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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/10008557081
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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
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The Prince and the Pauper: Fairness through Thick and Thin Veils of Ignorance
Leong, Chee Kian - CESifo - 2014
This paper uses a twin construct to test how the thickness of the veil of ignorance (VOI) affects the perception of fairness and redistributional choices. A fortune reversal is generally perceived to be fair behind a thick VOI, but deemed unfair behind a transparent VOI, particularly if one is...
Persistent link: https://www.econbiz.de/10010877830
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Fairness Spillovers - The Case of Taxation
Cornelissen, Thomas; Himmler, Oliver; König, Tobias - CESifo - 2010
It is standardly assumed that individuals adjust to perceived unfairness or norm violations in precisely the same area or relationship where the original offense has occurred. However, grievances over being exposed to injustice may have even broader consequences and also spill over to other...
Persistent link: https://www.econbiz.de/10008727283
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Contracts and Inequity Aversion
Englmaier, Florian; Wambach, Achim - CESifo - 2002
Using the concept of Inequity Aversion we derive in a Moral Hazard setting several results which differ from conventional contract theory. Our three key insights are: First, inequity aversion plays a crucial role in the design of optimal contracts. Second, there is a strong tendency towards...
Persistent link: https://www.econbiz.de/10005766116
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Preferences for Redistribution and Pensions. What can we Learn from Experiments?
Tausch, Franziska; Potters, Jan; Riedl, Arno - CESifo - 2010
Redistribution is an inevitable feature of collective pension schemes. Nevertheless, it is still an open question what people’s preferences are regarding this form of redistribution. This paper reviews experimental evidence on preferences regarding redistribution and asks what this evidence...
Persistent link: https://www.econbiz.de/10008498990