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statistical tests for fairness within well-defined income distribution generating processes and a well specified notion of … fairness. We find that the likelihood ratio (LR) test for fairness versus unfairness within two such processes are proportional … their values differently – to compare them to critical values for a test of the null hypothesis of fairness, or to use them …
Persistent link: https://www.econbiz.de/10012957494
Using data from the German Socio-Economic Panel Survey (SOEP), this paper assesses the relationship between life satisfaction and religious practice. The main new result here is longitudinal. It is shown that individuals who become more religious over time record long term gains in life...
Persistent link: https://www.econbiz.de/10012765319
Typically, laboratory experiments suffer from homogeneous subject pools and self-selectionbiases. The usefulness of survey data is limited by measurement error and by thequestionability of their behavioral relevance. Here we present a method integrating interactiveexperiments and representative...
Persistent link: https://www.econbiz.de/10014255643
The authors analyze gender differences in fairness perceptions of own wages and subsequent wage growth. The main … fairness perceptions. Further analysis shows that individuals, who perceive their wage as unfair, experience larger wage growth …
Persistent link: https://www.econbiz.de/10012926731
A burgeoning literature in economics has started examining the role of social norms in explaining economic behavior. Surprisingly, the vast majority of this literature has studied social norms in asocial decision settings, where individuals are observed to act in isolation from each other. In...
Persistent link: https://www.econbiz.de/10013001858
Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by …
Persistent link: https://www.econbiz.de/10013120848
Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities;...
Persistent link: https://www.econbiz.de/10012999037
We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are inequity averse and may differ in ability. We show that equality may lead to a reduction of public good provision below levels generated by purely selfish agents. But introducing...
Persistent link: https://www.econbiz.de/10013129910
they argue for or against mandatory participation? Should we have less redistribution and more actuarial fairness? How does …
Persistent link: https://www.econbiz.de/10013139713
health, and fairness of pay …
Persistent link: https://www.econbiz.de/10013124489