Income distribution and inequality play a central role in the public and political debate in many developed and democratic countries. An increasing literature on (mis)perception of the distribution of income reveals that people have very little knowledge about the degree of inequality in the...

Income distribution and inequality play a central role in the public and political debate in many developed and democratic countries. An increasing literature on (mis)perception of the distribution of income reveals that people have very little knowledge about the degree of inequality in the...

Wie viel Umverteilung Bürgerinnen und Bürger in der Gesellschaft möchten, hängt von sozioökonomischen Faktoren und ihren Ansichten über Gerechtigkeit ab. Diese Studie, basierend auf einer in Schweden durchgeführten, repräsentativen Umfrage, bestätigt frühere Ergebnisse: Demnach nimmt...

Standard economic theory assumes that individual risk taking decisions are independent from the social context. Recent experimental evidence however shows that the income of peers has a systematic impact on observed degrees of risk aversion. In particular, subjects strive for balance in the...

Standard economic theory assumes that individual risk taking decisions are independent from the social context. Recent experimental evidence however shows that the income of peers has a systematic impact on observed degrees of risk aversion. In particular, subjects strive for balance in the...

Wie viel Umverteilung Bürgerinnen und Bürger in der Gesellschaft möchten, hängt von sozioökonomischen Faktoren und ihren Ansichten über Gerechtigkeit ab. Diese Studie, basierend auf einer in Schweden durchgeführten, repräsentativen Umfrage, bestätigt frühere Ergebnisse: Demnach nimmt...

This paper examines the concern for relative standing among rural households in China. We use a survey-experimental method to measure to what extent poor Chinese farmers care about their relative income and find that the respondents care to a high degree. Compared to previous studies in...

We present two experiments designed to investigate whether individuals’ notions of distributive justice are associated with their relative (within-society) economic status. Each participant played a specially designed four-person dictator game under one of two treatments, under one initial...

We present two experiments designed to investigate whether individuals’ notions of distributive justice are associated with their relative (within-society) economic status. Each participant played a specially designed four-person dictator game under one of two treatments, under one initial...

We survey a representative sample of US households to study how exposure to the COVID-19 stock market crash affects expectations and planned behavior. Wealth shocks are associated with upward adjustments of expectations about retirement age, desired working hours, and household debt, but have...