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Redistributive preferences, redistribution, and inequality: Evidence from a panel of OECD countries

Kuhn, Andreas - Institut für Volkswirtschaftslehre, … - 2012

inequality and redistribution. Not surprisingly, the effective level of redistribution (after tax-and-transfer inequality) is … objective dimension of inequality and redistribution are, at least partially, linked with individuals' political preferences and … their voting behavior. The association between objective and subjective measures of inequality and redistribution vanishes …

Persistent link: https://www.econbiz.de/10010817293

Why does the amount of income redistribution differ between United States and Europe? The Janus face of Switzerland

Akkoyunlu, Sule; Neustadt, Ilja; Zweifel, Peter - Institut für Volkswirtschaftslehre, … - 2008

In this paper, the amount of income redistribution in the United States, the European Union, and Switzerland is … balance against the economic explanation, which predicts more rather than less income redistribution in the United States … (which also characterize Switzerland) to redistribution; yet the Swiss share of transfers in the GDP is low. Behavioral …

Persistent link: https://www.econbiz.de/10005025598

Knowledge is power: a theory of information, income, and welfare spending

Lind, Jo Thori; Rohner, Dominic - Institut für Volkswirtschaftslehre, … - 2011

No voters cast their votes based on perfect information, but better educated and richer voters are on average better informed than others. We develop a model where the voting mistakes resulting from low political knowledge reduce the weight of poor voters, and cause parties to choose political...

Persistent link: https://www.econbiz.de/10009358881

Informational requirements of nudging

Benkert, Jean-Michel; Netzer, Nick - Institut für Volkswirtschaftslehre, … - 2015

A nudge is a non-coercive paternalistic intervention that attempts to improve choices by manipulating the framing of a decision problem. As any paternalism, it faces the difficulty of determining the appropriate welfare criterion. We propose a welfare-theoretic foundation for nudging similar in...

Persistent link: https://www.econbiz.de/10011264804

Looking Awkward When Winning and Foolish When Losing: Inequity Aversion and Performance in the Field

Torgler, Benno; Schaffner, Markus; Frey, Bruno S.; … - Institut für Volkswirtschaftslehre, … - 2008

The experimental literature and studies using survey data have established that people care a great deal about their relative economic position and not solely, as standard economic theory assumes, about their absolute economic position. Individuals are concerned about social comparisons....

Persistent link: https://www.econbiz.de/10005040817

The Power of Positional Concerns

Torgler, Benno; Schmidt, Sascha L.; Frey, Bruno S. - Institut für Volkswirtschaftslehre, … - 2008

People care a great deal about their relative economic position and not solely about their absolute economic position. However, behavioral evidence is rare. This paper provides evidence on how the relative income position affects professional sports performances. Our analysis suggests that if a...

Persistent link: https://www.econbiz.de/10005040820

The as-is journal review process: Let authors own their ideas

Torgler, Benno; Schmidt, Sascha L.; Frey, Bruno S. - Institut für Volkswirtschaftslehre, … - 2006

In this paper we present a two period model, where the agent's preferences are described by prospect theory as proposed by Kahneman and Tversky. We solve for the agent's portfolio decision. Our findings are that the changes in portfolio weights depend crucially on the reference point and the...

Persistent link: https://www.econbiz.de/10005040821

The Happiness Gains From Sorting and Matching in the Labor Market

Luechinger, Simon; Stutzer, Alois; winkelmann, Rainer - Institut für Volkswirtschaftslehre, … - 2006

Sorting of people on the labor market not only assures the most productive use of valuable skills but also generates individual utility gains if people experience an optimal match between job characteristics and their preferences. Based on individual data on reported satisfaction with life it is...

Persistent link: https://www.econbiz.de/10005585635

The Role of Income Aspirations in Individual Happiness

Stutzer, Alois - Institut für Volkswirtschaftslehre, …

Does individual well-being depend on the absolute level of income and consumption or is it relative to one's aspirations? In a direct empirical test, it is found that higher income aspirations reduce people's utility, ceteris paribus. Individual data on reported satisfaction with life are used...

Persistent link: https://www.econbiz.de/10005585648

Testing Theories of Happiness

Frey, Bruno S.; Stutzer, Alois - Institut für Volkswirtschaftslehre, …

Happiness research in economics takes reported subjective well-being as a proxy measure for utility and has already provided many interesting insights about human well-being and its determinants. We argue that future research on happiness in economics has a lot of potential, but that it needs to...

Persistent link: https://www.econbiz.de/10005627769