This paper studies the impact of exam luck on individuals’ education and labor market success. We leverage unique … improvements in both their high school GPA and diploma probability. Subsequently, exam luck generates substantial and persistent … wage differentials across otherwise identical individuals. These luck-induced wage effects are of a similar magnitude as …

We examine how people redistribute income when there is uncertainty about the role luck plays in determining … whether luck magnified workers' effort ("lucky opportunities") or determined workers' income directly ("lucky outcomes"). We … find that participants redistribute less and are less reactive to changes in the importance of luck in environments with …

critiques to utilitarianism by satisfying the following three fairness axioms: possibility of trade-offs sets a limit to the …

Undiscounted utilitarianism as a criterion of intergeneration justice has been questioned for different reasons: It has … allocation must involve discounting, and (2) that undiscounted utilitarianism subjects the present generation to heavy demands …-nologies) that undiscounted utilitarianism is so malleable that any efficient and non-decreasing allocation can be the unique optimum …

utilitarianism (DU). DU is controversial, both due to the conditions through which it is justified and due to its consequences for … measures to justify their present costs. In this paper, we propose sustainable discounted utilitarianism (SDU) as an … alternative principle for evaluation of climate policy. Unlike undiscounted utilitarianism, which always assigns zero relative …

those using a sample of the top 0.1 percent. The findings suggest the powerful role of luck within the extremes of the …

Does being lucky (or unlucky) affect honest decision-making? We examine (1) whether luck-based income strengthens or … between luck and honesty; and (3) whether accumulated luck affects honesty. To this end, we conducted a lab experiment where … participants self-report a dice roll outcome, which is associated with effort-based income, after having received luck-based income …