Inequality aversion and risk aversion are widely assumed features of economic models. But a review of the literature … designed to separate inequality aversion from risk aversion. In a set of laboratory experiments, subjects chose between two … alternative with constant risk level implies a higher level of inequality aversion. The experiment was conducted among 211 eight …

This paper employs a decomposition analysis of inequality by income source to understand and explain particular aspects … of income inequality in Greece. The results suggest that entrepreneurial income is the most significant contributor to … overall inequality in Greece. It is also shown that there is a weak redistributive impact of taxes and social security …

income inequality in Greece. This analysis is quite revealing for understanding and explaining income idfferences among … certain population subgroups with apparent policy implications. The degree to which overall inequality is attributable to … inequality between these sub groups or to inequality within them is investigated, employing a decomposition analysis by …

responses suggest that important axioms which serve to differentiate polarisation from inequality - e.g. increased …

The analysis of inequality is placed in the context of recent developments in economics and statistics. Prepared for …

Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. We examine three interlinked … propositions that are fundamental to the standard economic approach to risk: (i) that rankings by risk are simply the reverse of …

Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using …' distributional perceptions. We show that in terms of both inequality and risk individuals consistently reject one of the standard … axioms of distributional comparison. Moreover, there are significant differences in the 'maps' of inequality and risk …

flavours include inequality, risk, social welfare and justice. The issue of personal involvement in the distributional …

social policies are described and the effects on poverty and inequality are examined. The limitations of a social policy that … livelihood approach is analysed and its potential to reduce poverty and inequality are considered. …