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We conduct a laboratory experiment to study how demand for redistribution of income depends on self-interest, insurance … is affected by redistribution. We estimate utility weights for the different sources of demand for redistribution, with …
Persistent link: https://www.econbiz.de/10013077859
importance of fairness preferences, risk aversion, and self-interest in determining support for redistribution by conducting a … laboratory experiment that includes both elements not previously found together and novel features. Our design permits within … redistribution and the level of redistribution that maximizes additive social welfare. Most of our subjects prefer that there be less …
Persistent link: https://www.econbiz.de/10012721268
Meritocracies aspire to reward effort and hard work but promise not to judge individuals by the circumstances they were born into. The choice to work hard is, however, often shaped by circumstances. This study investigates whether people's merit judgments are sensitive to this endogeneity of...
Persistent link: https://www.econbiz.de/10012614805
circumstances. In an experiment, US participants judge how much money workers deserve for the effort they exert. Unequal …
Persistent link: https://www.econbiz.de/10014390238
The distributional impacts of fiscal policies are instrumental in reducing inequality in countries like the Philippines, where inequality has been persistently high. This paper assesses how equitable various taxes and transfers in the Philippines are by deriving the elasticities of Atkinson and...
Persistent link: https://www.econbiz.de/10013207209
In this paper we explore how individual social preferences correlate with political support for redistribution. We ran … an incentivized experiment with a large representative sample of the Spanish population. Our participants took six … political support for distributive policies. The main correlates for support of redistribution are the beliefs concerning the …
Persistent link: https://www.econbiz.de/10014632365
A transfer from a richer individual to a poorer one seems to be the most intuitive and straightforward way of reducing income inequality in a society. However, can such a transfer reduce the welfare of the society? We show that a rich-to-poor transfer can induce a response in the individuals'...
Persistent link: https://www.econbiz.de/10012945812
In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …
Persistent link: https://www.econbiz.de/10011569042
In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …
Persistent link: https://www.econbiz.de/10011594247
voluntarily supplied public goods; specifically, we show that not only an income inequality-raising redistribution policy but also … allowed, an inequality-raising redistribution policy is no longer effective and leaves social welfare unchanged …
Persistent link: https://www.econbiz.de/10012965708