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We investigate in a laboratory experiment if the experience of economic failure or success shapes people’s preferences for redistribution beyond self-interest. Subjects generated a high or a low income either through a lottery or through an effort-based tournament. A sub-set of subjects could...
Persistent link: https://www.econbiz.de/10011615857
People's value for their own time is a key input in evaluating public policies: evaluations should account for time taken away from work or leisure as a result of policy. Using rich choice data collected from farming households in western Kenya, we show that households exhibit non-transitive...
Persistent link: https://www.econbiz.de/10013177601
In many business transactions, in labor-management relations, in international conflicts, and welfare state reforms claims acquired in the past seem to create strong entitlements that shape current negotiations. Despite their importance, the role of entitlements in negotiations has not received...
Persistent link: https://www.econbiz.de/10010315328
Transfers motivated by altruism, norms of giving, and guilt play an important role in supporting individuals who suffer … norm of giving where donors feel guilty for deviating from the norm. The feelings of guilt decline with the expected social …
Persistent link: https://www.econbiz.de/10012018287
either privately, or publicly in front of one’s social group. Our theoretical model identifies guilt from letting down the … large treatment effects and confirms the central roles of guilt and shame. Under private repayment, a JL contract increases … compared to guilt-aversion. Under IL, repayment in public relative to private repayment increases effort by 60%, confirming our …
Persistent link: https://www.econbiz.de/10012052879
) and advantageous inequality aversion (or guilt) from 26 articles in economics, psychology, neuroscience and computer … interval [0:240; 0:620]; the mean guilt coefficient is 0:290 with a 95% probability that the true value lies in the interval [0 …
Persistent link: https://www.econbiz.de/10013353463
A controversy has been simmering in law for at least 30 years about whether pro bono work should be mandatory for lawyers, who now donate 1-3% of their time to the poor. This has centered on the unmet legal needs of the poor, the duty of lawyers, and the contrast with US doctors, who are...
Persistent link: https://www.econbiz.de/10010398637
Emotions were central to the development of economics, especially in utility theory in classical economics. While neoclassical utility theory basically abolished emotions, behavioural economics more recently reintroduced emotions in utility theory. Beyond utility theory, economic theorists use...
Persistent link: https://www.econbiz.de/10011522482
informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this …
Persistent link: https://www.econbiz.de/10011388204
We study how different demographic groups respond to incentives by comparing their performance in “high” and “low … section of the GRE. We find that Males exhibit a larger drop in performance between the high and low stakes examinations than … females, and Whites exhibit a larger drop in performance compared to minorities. Differences between high and low stakes tests …
Persistent link: https://www.econbiz.de/10012018281