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The Dynamic Interplay of Inequality and Trust - An Experimental Study

Greiner, Ben - 2008

We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows … higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with … equal endowments, but decreases over time. In a treatment with unequal endowments, trust is initially lower yet remains …

Persistent link: https://www.econbiz.de/10012773325

Inherited Wealth and Demographic Aging

Onder, Harun - 2016

The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...

Persistent link: https://www.econbiz.de/10012985794

Status Inequality, Moral Disengagement and Violence

Falk, Armin - 2017

This paper studies the causal effect of status differences on moral disengagement and violence. To measure violent behavior, in the experiment, a subject can inflict a painful electric shock on another subject in return for money. We exogenously vary relative status in the realm of sexual...

Persistent link: https://www.econbiz.de/10012949242

Social Welfare Versus Inequality Concerns in an Incomplete Contract Experiment

Faravelli, Marco; Kirchkamp, Oliver; Rainer, Helmut - 2021

We study a situation where two players first choose a sharing rule, then invest into a joint production process, and then split joint benefits. We investigate how social preferences determine investments. In our experiment we find that even the materially disadvantaged player cares more for...

Persistent link: https://www.econbiz.de/10013316263

Elite Capture, Political Voice and Exclusion from Aid : An Experimental Study

D'Exelle, Ben; Riedl, Arno - 2021

We experimentally study the influence of local information conditions on elite capture and social exclusion in community-based development schemes with heterogeneous groups. Not only information on the distribution of aid resources through community-based schemes, but also information on who...

Persistent link: https://www.econbiz.de/10013316477

Monetary Policy, Inequality and Political Instability

Duarte, Pablo - 2018

Based on the concepts of justice by Hayek, Rawls and Buchanan we argue that the growing political dissatisfaction in industrialized countries is rooted in the asymmetric pattern in monetary policies since the 1980s for two reasons. First, the structurally declining interest rates and the...

Persistent link: https://www.econbiz.de/10012930616

Measuring Unfair Inequality : Reconciling Equality of Opportunity and Freedom from Poverty

Hufe, Paul - 2018

Rising income inequalities are widely debated in public and academic discourse. In this paper, we contribute to this debate by proposing a new family of measures of unfair inequality. To do so, we acknowledge that inequality is not bad per se, but that its underlying sources need to be taken...

Persistent link: https://www.econbiz.de/10012912680

Finance and Income Inequality : A Review and New Evidence

de Haan, Jakob - 2016

Using a panel fixed effects model for a sample of 121 countries covering 1975‐2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase...

Persistent link: https://www.econbiz.de/10012980576

A Matter of Perspective : How Experience Shapes Preferences for Redistribution

Cassar, Lea - 2017

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/10012962917

Political Preferences for Redistribution in Sweden

Bastani, Spencer - 2017

We examine preferences for redistribution inherent in Swedish tax policy 1971–2012 using the inverse optimal tax approach. The income distribution is carefully characterized with the help of administrative register data and we employ behavioral elasticities reflecting the perceived...

Persistent link: https://www.econbiz.de/10012965938