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In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … maximization, we predict that persons with higher perceived fairness will experience higher levels of life-time utility and are … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …
Persistent link: https://www.econbiz.de/10010302716
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … maximization, we predict that persons with higher perceived fairness will experience higher levels of life-time utility and are … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …
Persistent link: https://www.econbiz.de/10011422202
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … maximization, we predict that persons with higher perceived fairness will experience higher levels of life-time utility and are … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …
Persistent link: https://www.econbiz.de/10010285804
perceived and the actual fairness of the income generation process affects this association. Building on a simple model of … individual labor-market participation under uncertainty, we predict that higher levels of perceived fairness cause higher levels … of utility, and lower preferred levels of income redistribution. In societies with a low level of actual social mobility …
Persistent link: https://www.econbiz.de/10010274890
This paper proposes a model that can be implemented to estimate the willingness to pay for distributive justice … distributive justice from fiscal data and the estimated coefficients of a probit regression. Using this formula and data from a … 1998 Gallup Social Audit, we find that on average the monetary value of justice for US households amounts to about one …
Persistent link: https://www.econbiz.de/10010299119
Previous estimates of unfair inequality of opportunity (IOp) are only lower bounds because of the unobservability of the full set of endowed circumstances beyond the sphere of individual responsibility. In this paper, we suggest a new estimator based on a fixed effects panel model which...
Persistent link: https://www.econbiz.de/10011601037
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … maximization, we predict that persons with higher perceived fairness will experience higher levels of life-time utility and are … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …
Persistent link: https://www.econbiz.de/10010329928
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … maximization, we predict that persons with higher perceived fairness will experience higher levels of life-time utility and are … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …
Persistent link: https://www.econbiz.de/10010273880
We argue that perceived fairness of the income generation process affects the association between income inequality and … high or, respectively, low level of actual fairness. Using a simple model of individual labor market participation under … uncertainty, we predict that high levels of perceived fairness cause higher levels of individual welfare, and lower support for …
Persistent link: https://www.econbiz.de/10010311830
compensating differentials will increase both efficiency and fairness, quite in line with the classical position taken by Adam …
Persistent link: https://www.econbiz.de/10010427524