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To describe preferences for income mobility/equality, we generate statistics that can be interpreted as marginal rates of substitution and converted to willingness-to- pay (WTP). All else constant, U.S. residents are willing to pay $2,736 dollars to increase income equality 10 percentiles and...
Persistent link: https://www.econbiz.de/10012831128
Revealed preferences for equal educational opportunity may be due to beliefs that opportunities increase societal income or income equality. To isolate preferences for those goods, we implement an online discrete choice experiment using social statistics generated from true variation among...
Persistent link: https://www.econbiz.de/10012952955