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We compare behavior in experiments measuring distributional preferences during the "Great Recession" to behavior in identical experiments conducted during the preceding economic boom. Subjects are drawn from a diverse pool of students whose socioeconomic composition is largely held constant by...
Persistent link: https://www.econbiz.de/10010951431
consumption and donations among individuals. We also conduct an original experiment that enables nonparametric tests of many … donations yield greater explanatory power than the standard model of impure altruism. …
Persistent link: https://www.econbiz.de/10011271495
The research in Psychology and Economics (a.k.a. Behavioral Economics) suggests that individuals deviate from the standard model in three respects: (i) non-standard preferences; (ii) non-standard beliefs; and (iii) non-standard decision-making. In this paper, I survey the empirical evidence from...
Persistent link: https://www.econbiz.de/10005774777
an anonymous treatment where neither player is told at the end of the experiment which decision was selected for payment … future. We can decompose altruistic preferences into baseline altruism towards any partner and directed altruism towards … friends. Decision makers vary widely in their baseline altruism, but pass at least 50 percent more surplus to friends compared …
Persistent link: https://www.econbiz.de/10005778473
We conduct a laboratory experiment to examine how third-party ratings impact charity choice and donative behavior …
Persistent link: https://www.econbiz.de/10010796734
We measure the distributional preferences of a large, diverse sample of Americans by embedding modified dictator games that vary the relative price of redistribution in the American Life Panel. Subjects' choices are generally consistent with maximizing a (social) utility function. We decompose...
Persistent link: https://www.econbiz.de/10010821876
Charities often circulate widespread donation appeals to garner support for campaigns, but what impact do these campaigns have on the well-being of individuals who choose to donate, those who choose not to donate, and the entire group exposed to the campaign? Here we investigate these questions...
Persistent link: https://www.econbiz.de/10011079873
behavioral economics today. This study designs a field experiment that is explicitly linked to a controlled laboratory experiment …
Persistent link: https://www.econbiz.de/10005084809
In cross-sectional studies, countries with greater income inequality typically exhibit less support for government …-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve … along this pattern, a vicious cycle could form with reduced social concern amplifying primal increases in inequality due to …
Persistent link: https://www.econbiz.de/10009395461
one possible explanation: that individual aversion to inequality--both envy and altruism--lead to systematic differences … workers in the sector. We also present structural estimates of the influence of envy and altruism on sector-specific trade … policy preferences. Our estimates indicate that both envy and altruism influence support for trade protection in the United …
Persistent link: https://www.econbiz.de/10008635908