his relative wealth, and by how concerned he is about having low relative wealth. Holding constant the individual …'s absolute wealth, we obtain two results. First, if the individual's level of concern about low relative wealth does not change …, the individual becomes more risk averse when he rises in the wealth hierarchy. Second, if the individual's level of …

attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained … gradient in wealth.We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e … wealth disparities not only through education and higher earnings, but also through their impact on the ability to process …

The theory of compensating differentials has proven difficult to test with observational data: the consequences of …. Instead, we construct experimental, real-effort labor markets and offer an evaluation of the theory in a controlled setting … differentials are affected by worker mobility and therefore selection. Consistent with the theory, we find that riskier firms must …