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Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...
Persistent link: https://www.econbiz.de/10014577216
We investigate Veblen effects on work hours, namely the way that a desire to emulate the consumption standards of the rich induces longer work hours among the rest. Consistent with our model of these asymmetric social comparisons, greater inequality predicts longer work hours in ten OECD...
Persistent link: https://www.econbiz.de/10010456989
This paper investigates whether one's effort to keep up with the Joneses has any effect on labor supply behavior. We provide a simple model and empirical evidence that labor supply decisions of married women are influenced by relative as well as absolute income of their husbands. We find, after...
Persistent link: https://www.econbiz.de/10010457005
This paper examines the determinants of informal sanctions by a large number of experiments.
Persistent link: https://www.econbiz.de/10005846433
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can … shading. To analyze fairness perceptions associated with competitive mechanisms, we run laboratory experiments where a single …
Persistent link: https://www.econbiz.de/10011420556
I explore the effects of a preference for fairness in the division of housework between two spouses in two different … process and the degree of fairness consideration matter for policy outcomes and discuss three policy measures in relation to …
Persistent link: https://www.econbiz.de/10010321818
This paper studies whether people can avoid punishment by remaining willfully ignorant about possible negative consequences of their actions for others. We employ a laboratory experiment, using modified dictator games in which a dictator can remain willfully ignorant about the payoff...
Persistent link: https://www.econbiz.de/10010323052
The paper reports the first experimental study on people's fairness views on extreme income inequalities arising from …" fairness argument for no redistribution: the winner deserves all the earnings because these earnings were determined by his or …
Persistent link: https://www.econbiz.de/10011969198
The literature shows that when a society believes that wealth is determined by random “luck” rather than by merit, it demands more redistribution. Adverse shocks, like earthquakes, strengthen the belief that random “bad luck” can frustrate the outcomes achieved with merit. We...
Persistent link: https://www.econbiz.de/10011957007
". The efficiency loss due to fairness and strategy-proofness becomes measurable in monetary terms. Two interpretations of …
Persistent link: https://www.econbiz.de/10013208452