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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
The article is concerned with understanding the impact of social preferences and wealth inequality on aggregate … microeconomic level and how these in turn translate into macroeconomic outcomes. Increasing the workers' sensitivity to inequality … wealth differences raise aggregate profit and output but entail distributional utility losses and increased inequality. …
Persistent link: https://www.econbiz.de/10012287835
Persistent link: https://www.econbiz.de/10012658964
We compare inequality aversion in individuals and teams by means of both within- and between-subject experimental … designs, and we investigate how teams aggregate individual preferences. We find that team decisions reveal less inequality … decide in isolation. Individuals express strategically more inequality aversion in their initial proposals in team decision …
Persistent link: https://www.econbiz.de/10010359304
Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda … inequality averse people, (ii) a somewhat smaller yet still large share of people with an altruistic concern for social welfare … determinants of support for redistribution, we document that inequality aversion and altruistic concerns play an important role for …
Persistent link: https://www.econbiz.de/10012154186
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/10012806641
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
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/10012886952
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