Are the United States still a land of opportunity? We provide new insights on this question by invoking a novel measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity has increased by 77% over the time period 1983-2016....

Career decisions, that is educational and occupational choice, are not only made by comparing expected incomes, but also by considering non-monetary rewards like social impact, chances of promotion, or the compatibility of work and family. In this paper, I use rich panel data from Germany to...

We study beliefs about wealth inequality and preferences for wealth redistribution. For this, we conduct a large-scale online survey in Germany. First, we analyze how well participants are informed about the German wealth distribution and their position in it. Second, we investigate how...

What preferences do partners hold over their relative income within the household? We provide a flexible framework of preferences over relative income within the household that captures various motives, including inequality aversion and a preference for being the primary earner. We study the...

This study replicates and extends the work of Falk and Hermle (2018. “Relationship of Gender Differences in Preferences to Economic Development and Gender Equality.” Science 362 (6412): eaas9899), who hypothesized that gender differences in economic preferences (patience, altruism,...

Generous maternity leave, affordable daycare, extensive social safety nets, excellent universal health care, and high-quality public schools, are all notable features of Nordic countries. There is a widespread belief that such strong public investments in children contribute to a levelled...

A decline in poverty generally masks regional disparities that are due to varying efficiency among states. Using a generalized true random-effects model, we distinguish between persistent and transient inefficiencies on subnational efficiency to reduce poverty and its determinants in Bolivia....

The social stress experienced by an individual from having a low relative income or from having a low income-based rank is a derivative of the individual's location in social space, and is the outcome of unfavorable comparisons with other individuals in that space. (The term social space stands...

Gender inequality and discrimination still persist, even though the gender gap in the labor market has been gradually decreasing. This study examines the effect of the #MeToo movement on judges' gender gap in their vital labor market outcome-judicial decisions on randomly assigned legal cases in...