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A concern about low relative income, and the alignment of utilitarianism with egalitarianism
Stark, Oded; Kobus, Martyna; Jakubek, Marcin - 2011
A utilitarian social planner who maximizes social welfare assigns the available income to those who are most efficient in converting income into utility. However, when individuals are concerned about their income falling behind the incomes of others, the optimal income distribution under...
Persistent link: https://www.econbiz.de/10009355518
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A bitter choice turned sweet : how acknowledging individuals' concern at having a low relative income serves to align utilitarianism and egalitarianism
Stark, Oded; Jakubek, Marcin; Kobus, Martyna - 2015
When individuals' utility is a convex combination of their income and their concern at having a low relative income (the weights attached to income and to the concern at having a low relative income sum up to one), the maximization of aggregate utility yields an equal income distribution. This...
Persistent link: https://www.econbiz.de/10011281236
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A bitter choice turned sweet : how acknowledging individuals’ concern at having a low relative income serves to align utilitarianism and egalitarianism
Stark, Oded; Jakubek, Marcin; Kobus, Martyna - 2015
When individuals’ utility is a convex combination of their income and their concern at having a low relative income (the weights attached to income and to the concern at having a low relative income sum up to one), the maximization of aggregate utility yields an equal income distribution. This...
Persistent link: https://www.econbiz.de/10010490143
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A concern about low relative income, and the alignment of utilitarianism with egalitarianism
Stark, Oded; Kobus, Martyna; Jakubek, Marcin - 2011
A utilitarian social planner who maximizes social welfare assigns the available income to those who are most efficient in converting income into utility. However, when individuals are concerned about their income falling behind the incomes of others, the optimal income distribution under...
Persistent link: https://www.econbiz.de/10009349040
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Relative Status and Well-Being : Evidence from U.S. Suicide Deaths
Daly, Mary C. - 2007
This paper empirically assesses the theory of interpersonal income comparison using individual level data on suicide deaths in the United States. We model suicide as a choice variable, conditional on exogenous risk factors, reflecting an individual's assessment of current and expected future...
Persistent link: https://www.econbiz.de/10012728721
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Changing Opportunity : Sociological Mechanisms Underlying Growing Class Gaps and Shrinking Race Gaps in Economic Mobility
Chetty, Raj; Dobbie, Will; Goldman, Benjamin; Porter, Sonya - National Bureau of Economic Research - 2024
We show that intergenerational mobility changed rapidly by race and class in recent decades and use these trends to study the causal mechanisms underlying changes in economic mobility. For white children in the U.S. born between 1978 and 1992, earnings increased for children from high-income...
Persistent link: https://www.econbiz.de/10014635660
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Health and health inequality during the Great Recession : evidence from the PSID
Wang, Chenggang; Wang, Huixia; Halliday, Timothy - 2017
We estimate the impact of the Great Recession of 2007-2009 on health outcomes in the United States. We show that a one percentage point increase in the unemployment rate resulted in a 7.8-8.8 percent increase in reports of poor health. Mental health was also adversely impacted and reports of...
Persistent link: https://www.econbiz.de/10011664512
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Communication matters : sensitivity in fairness evaluations across wealth inequality expressions and levels
Oppel, Annalena - 2023
This paper seeks to understand whether the way in which inequality is communicated through measurements influences … individuals' fairness perceptions regarding wealth inequality. It begins from the premise that prominent measures of inequality …, such as the Gini coefficient, fall short of providing an intuitive understanding of inequality for most people. Following …
Persistent link: https://www.econbiz.de/10014314736
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Globalization and inequality in Latin America
Carneiro, Rafael Dix; Kovak, Brian K. - 2023
We survey the recent literature studying the effects of globalization on inequality in Latin America. Our focus is on … dimensions of inequality, and developing new methodologies to capture the many facets of globalization's relationship to … inequality. After summarizing both design-based and quantitative work in this area, we propose directions for future work. Our …
Persistent link: https://www.econbiz.de/10014326202
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Inequality and support for government responses to COVID-19
Dang, Hai-Anh H.; Malesky, Edmund; Cuong Viet Nguyen - 2020
Despite a rich literature studying the impact of inequality on policy outcomes, there has been limited effort to bring …
Persistent link: https://www.econbiz.de/10012303668