In this paper, we study the impact of contractionary monetary policies on income and wealth inequality. By developing an Agent Based-Stock Flow Consistent model, we show that both the sign and magnitude of monetary policy impacts depend on the heterogeneity characterizing income sources across...

Unabhängig davon, ob der Grundrenten-Beschluss der Koalitionsparteien tatsächlich umgesetzt wird, ist er von Interesse, da die Diskussion über die noch offene Finanzierung der geplanten Grundrente auf die grundsätzliche Frage verweist, welche Risiken die Gesetzliche Rentenversicherung...

Seit geraumer Zeit ist die wachsende Ungleichheit das Kardinalproblem unserer Gesellschaft, wenn nicht der gesamten Menschheit. Während daraus im globalen Maßstab Krisen und Kriege resultieren, die wiederum größere Migrationsbewegungen nach sich ziehen, sind hierzulande sozialer Zusammenhalt...

Das bedingungslose Grundeinkommen wird schon seit vielen Jahren diskutiert. Es soll Probleme lösen, die durch den demografischen Wandel, die Digitalisierung und Automation entstehen können. Dabei sind in Hinblick auf die Details ganz unterschiedliche Konzepte Grundlage für die Diskussion. So...

Is the willingness to make trades influenced by how the total gains from trade are split between the trading partners? We present results from a bilateral trade game (n = 128) where all participants were price-takers and trading pairs faced one of three exogenously imposed trading prices. The...

Frequent violations of fair principles in real-life settings raise the fundamental question of whether such principles can guarantee the existence of a self-enforcing equilibrium in a free economy. We show that elementary principles of distributive justice guarantee that a pure-strategy Nash...

In more and more situations, artificially intelligent algorithms have to model humans' (social) preferences on whose behalf they increasingly make decisions. They can learn these preferences through the repeated observation of human behavior in social encounters. In such a context, do...

With Big Data, decisions made by machine learning algorithms depend on training data generated by many individuals. In an experiment, we identify the effect of varying individual responsibility for the moral choices of an artificially intelligent algorithm. Across treatments, we manipulated the...

Using new data from a three-wave panel survey administered in Germany between May 2020 and May 2021, this paper studies the impact of a negative shock affecting every strata of the population, such as the development of COVID-19, on preferences for redistribution. Exploiting the plausibly...

Equivalence Scales are a tool for removing the heterogeneity of household sizes in the measurement of inequality, and affect poverty assessments and poverty lines. We address the disadvantage that poor households may suffer due to their reduced ability to share goods within the household. This...