social risk (what kind of societies will future people be born into) rather than individual risk (what will happen to people …

social welfare approach to discounting, we show how different public investments should be discounted depending on: the risk … on the return of the investment, the systematic risk on aggregate consumption, the distribution of gains and losses, and … inequality. We also study the limit value of the discount rate for very long term investments, and the type of information that …

inequality. This paper presents an experiment which disentangles concerns for risk and inequality in a social risk context … terms of dispersion. We disentangle four types of dispersion: ex ante inequality, ex post inequality, individual risk, and … collective risk. The results show that people are averse towards ex ante inequality and individual risk, whereas they are ex post …

incomes. This paper assesses the net welfare benefit of mobility by assuming both a social aversion to inequality in permanent … and on the inequality of income across individuals. Using panel data, we find that Canada's tax system limits … income equalizing effect of taxes can reach up to 23 percent of mean income at the higher values of inequality aversion that …

the other. The first presentation draws attention to inequality in payoffs, the second to collective risk. We find that … conclude that ex-post inequality aversion is the primary concern in the evaluation of social lotteries while collective risk is … subjects are exposed to random shocks. We find that aggregate behavior is ex-post and ex-ante inequality averse, but also that …

relationship between inequality of entitlements, mortality risk, and the size of redistribution in a stylized social security … system. We find that mortality risk, when negatively correlated with entitlements, significantly lowers subjects' willingness …

relationship between inequality of entitlements, mortality risk, and the size of redistribution in a stylized social security … system. We find that mortality risk, when negatively correlated with entitlements, significantly lowers subjects’ willingness …

-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in … productive abilities and education. Additionally, the system insures against 48% of lifetime earnings risk. Implementing a …

their peers. The present paper is, to the best of our knowledge, the first systematic analysis of income inequality and risk … the dominant impact of inequality on risk taking is what can be termed a social house money effect: high-wage individuals …Standard economic theory assumes that individual risk taking decisions are independent from the social context. Recent …