Schmidt, Ulrich; Neyse, Levent; Aleknonyte, Milda - 2015
their peers. The present paper is, to the best of our knowledge, the first systematic analysis of income inequality and risk … taking. We perform a real effort field experiment where inequality is introduced to different wage rates. After the effort … the dominant impact of inequality on risk taking is what can be termed a social house money effect: high-wage individuals …