Showing 1 - 10 of 5,815
The article is concerned with understanding the impact of social preferences and wealth inequality on aggregate …. Increasing the workers' sensitivity to inequality raises effort and reduces wage costs for poor but not necessarily for rich … distributional utility losses and increased inequality …
Persistent link: https://www.econbiz.de/10013233935
Persistent link: https://www.econbiz.de/10012658964
Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda … the Swiss population. We document that inequality aversion and altruistic concerns play a quantitatively large positive … inequality averse individuals display strong support for policies that primarily aim at reducing the incomes of the rich …
Persistent link: https://www.econbiz.de/10012815448
We expand upon the previous models of inequity aversion of Fehr and Schmidt [1], and Frohlich et al. [2], which assume that dictators get disutility if the final allocation of surplus deviates from the equal split (egalitarian principle) or from the subjects' production (libertarian principle)....
Persistent link: https://www.econbiz.de/10009754116
We design a novel experiment to identify aversion to pure (univariate) health inequality separately from aversion to … income-related and income-caused health inequality. Participants allocate resources to determine health of individuals … preferences while accounting for noise. The median person has strong aversion to pure health inequality, challenging the health …
Persistent link: https://www.econbiz.de/10014249848
inequality for support for redistribution? We study these questions in a staggered experiment with a representative sample of the …Do beliefs about inequality depend on distributive preferences? What is the joint role of preferences and beliefs about … majority of inequality averse subjects, a sizeable group of altruistic subjects, and a minority of predominantly selfish …
Persistent link: https://www.econbiz.de/10014464190
Although different approaches and methods have been used to measure inequality aversion, there remains no consensus … about its drivers at the individual level. We conducted an experiment on a sample of more than 1800 first-year undergraduate … economics and business students in Uruguay to understand why people are inequality averse. We elicited inequality aversion by …
Persistent link: https://www.econbiz.de/10012697782
behavioral economics, positing a generalized aversion to inequality that is stronger when one's own payoff is lower - rather than …
Persistent link: https://www.econbiz.de/10012517850
We conduct an interdisciplinary meta-analysis to aggregate the knowledge from empirical estimates of inequality … aversion reported from 1999 to 2022. In particular, we examine 85 estimates of disadvantageous inequality aversion (or envy …) and advantageous inequality aversion (or guilt) from 26 articles in economics, psychology, neuroscience and computer …
Persistent link: https://www.econbiz.de/10013285841
when such conditional fair-ness preferences are measured using the “inequality acceptance” method. Depending on the default …, implemented inequality decreases by over 65% and cross-country differences are not observed. To organize the data, we develop a …
Persistent link: https://www.econbiz.de/10015048991