What limits the capacity of society to redistribute and provide insurance? What determines the structure of compensation in organizations aiming at income equality? This paper investigates these questions by investigating the economic and sociological forces underlying the persistence of the...

We study the impact of financial incentives on higher education decisions and the choice of major. We rely on a reform whereby Israeli kibbutzim shifted from their traditional policy of equal sharing to productivity-based wages. We use for identification the staggered implementation of this...