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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

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

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

Bounds of Unfair Inequality of Opportunity : Theory and Evidence for Germany and the US

Niehues, Judith - 2012

Previous estimates of inequality of opportunity (IOp) are lower bounds because of the unobservability of the full set of endowed characteristics beyond the sphere of individual responsibility. Knowing the true size of unfair IOp, however, is important for the acceptance of (some) inequality and...

Persistent link: https://www.econbiz.de/10013106535

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

The Subversive Nature of Inequality : Subjective Inequality Perceptions and Attitudes to Social Inequality

Kuhn, Andreas - 2016

This paper shows that higher levels of perceived wage inequality are associated with a weaker (stronger) belief into meritocratic (non-meritocratic) principles as being important in determining individual wages. This finding is robust to the use of an instrumental-variable estimation strategy...

Persistent link: https://www.econbiz.de/10012984497

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

Baby Booming Inequality? Demographic Change and Earnings Inequality in Norway, 1967-2000

Almås, Ingvild; Havnes, Tarjei; Mogstad, Magne - 2021

In this paper, we demonstrate how age-adjusted inequality measures can be used to evaluate whether changes in inequality over time are due to changes in the age structure. To this end, we use administrative data on earnings for every male Norwegian during 1967-2000. We find that the substantial...

Persistent link: https://www.econbiz.de/10013316148