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We conduct dictator games in our artefactual field experiment with 11th and 12th grade students in New Delhi, India. We construct an economic status index based on household ownership of assets for our subjects. Using cut-offs from this index, we randomly match dictators to recipients who are...
Persistent link: https://www.econbiz.de/10014079053
The article is concerned with understanding the impact of social preferences and wealth inequality on aggregate economic outcomes. We investigate how different manifestations of other-regarding preferences affect incentive contracts at the microeconomic level and how these in turn translate into...
Persistent link: https://www.econbiz.de/10012421506
We study beliefs about wealth inequality and preferences for wealth redistribution. For this, we conduct a large-scale online survey in Germany. First, we analyze how well participants are informed about the German wealth distribution and their position in it. Second, we investigate how...
Persistent link: https://www.econbiz.de/10014543737
We review the survey and experimental findings in the literature on attitudes to income inequality. We interpret the latter as any disparity in incomes between individuals. We classify these findings into two broad types of individual attitudes towards the income distribution in a society: the...
Persistent link: https://www.econbiz.de/10010350420
We review the survey and experimental findings in the literature on attitudes to income inequality. We interpret the latter as any disparity in incomes between individuals. We classify these findings into two broad types of individual attitudes towards the income distribution in a society: the...
Persistent link: https://www.econbiz.de/10013054599
In this paper, we use stated satisfaction to estimate social preferences: subjects report their satisfaction with payment-profiles that hold their own payment constant while varying another subject's payment. This approach yields significant support for the inequity aversion model of Fehr and...
Persistent link: https://www.econbiz.de/10012517850
John Stuart Mill claimed that "men do not desire merely to be rich, but richer than other men." Do people desire to be richer than others? Or is it that people desire favorable comparisons to others more generally, and being richer is merely a proxy for this ineffable relativity? We conduct an...
Persistent link: https://www.econbiz.de/10011902869
We review the survey and experimental findings in the literature on attitudes to income inequality. We interpret the latter as any disparity in incomes between individuals. We classify these findings into two broad types of individual attitudes toward the income distribution in a society: the...
Persistent link: https://www.econbiz.de/10014025338
A continuous and a discrete rating scale were implemented for a single item happiness question in a representative survey. A randomized controlled experiment enables unique analyses on data quality and distributions, which suggest superiority of the continuous scale. Results raise doubts about...
Persistent link: https://www.econbiz.de/10009740582
A continuous and a discrete rating scale were implemented for a single item happiness question in a representative survey. A randomized controlled experiment enables unique analyses on data quality and distributions, which suggest superiority of the continuous scale. Results raise doubts about...
Persistent link: https://www.econbiz.de/10014175411