designed to separate inequality aversion from risk aversion. In a set of laboratory experiments, subjects chose between two …Inequality aversion and risk aversion are widely assumed features of economic models. But a review of the literature … alternative with constant risk level implies a higher level of inequality aversion. The experiment was conducted among 211 eight …

group of players who either go for the risk dominant equilibrium or act in a boundedly rational manner. This heterogeneity …

In this paper, we explore the relationship between state-level household income inequality and macroeconomic … inequality responses to a national uncertainty shock. The results suggest that income inequality decreases in most states, with a …, mostly located in the West and South census region, display increasing levels of income inequality over time. We find that …