In this paper we challenge the common interpretation of Rawls' Theory of Justice as Fairness by showing that this Theory, as outlined in the Restatement (Rawls 2001), goes well beyond the definition of a distributive value judgment, in such a way as to embrace efficiency issues as well. A simple...

We study the relative risk aversion of an individual with particular social preferences: his wellbeing is influenced by his relative wealth, and by how concerned he is about having low relative wealth. Holding constant the individual's absolute wealth, we obtain two results. First, if the...

Acknowledging individuals' distaste for low relative income renders trade less appealing when trade is viewed as a technology that integrates economies by merging separate social spheres into one. We define a "trembling trade" as a situation in which gains from trade are overtaken by losses of...

Abstract: We study the impact of unjust inequality on social trust and trustworthiness, and its separate effect on the economically successful and the unsuccessful, in a controlled economic experiment. We find evidence for a negative effect of unfair economic inequality on social interactions....

The Household Finance and Consumption Survey (HFCS) provides information about house-hold wealth (real and financial assets as well as liabilities) from 15 Euro-countries around the year 2010 (first wave). The survey will be the central dataset in this topic in the future. However, several...

We use detailed information on all real estate stock and transactions since 2006 to study housing inequality in Belgium and how a recent policy shaped it. We use the transactions to predict the market value of all dwellings in the country, to then estimate inequality in value or space at...

Dieser Beitrag analysiert den Einkommensreichtum von älteren Personen in Deutschland 2001. Unter Verwendung der aktuellen Daten der Lohn- und Einkommensteuerstatistik, die in besonderem Maße für die Analyse hoher Einkommen geeignet sind, werden neue Reichtumskennzahlen diskutiert und neue...