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debate by proposing a new family of measures of unfair inequality. To do so, we acknowledge that inequality is not bad per se … fairness principles, namely equality of opportunity and freedom from poverty, into a joint measure of unfair inequality. Two … empirical applications provide important new insights on the development of unfair inequality both over time (in the US) and …
Persistent link: https://www.econbiz.de/10012912680
then split joint benefits. We investigate how social preferences determine investments. In our experiment we find that even … the materially disadvantaged player cares more for social welfare than about inequality. Behavioral preferences of … disadvantaged players actually increase inequality. We also investigate when players give up an advantageous sharing rule. Power …
Persistent link: https://www.econbiz.de/10013316263
considerations being much more fundamental for inequality acceptance than efficiency considerations in both countries …There is a striking difference in income inequality and redistributive policies between the United States and … large-scale international social preference experiment, with nationally representative samples from the United States and …
Persistent link: https://www.econbiz.de/10012963592
winner-take-all reward structures. We find that the majority of participants consider extreme income inequality generated in … object less to certain types of extreme income inequality than commonly assumed …
Persistent link: https://www.econbiz.de/10012915504
among individuals with the same preferences. We show that, together with efficiency, continuity, and separability, these …
Persistent link: https://www.econbiz.de/10012996204
"efficiency" and "welfare maximization" and propose a more modest concept of equity called "distributive neutrality", which is …
Persistent link: https://www.econbiz.de/10013316877
The Lindahl equilibrium is mostly motivated by a rather artificial price mechanism. Even though the analogy to a competitive market has been emphasised by Lindahl himself his approach does not directly explain the normative ideas, which are behind this concept. In the present paper we therefore...
Persistent link: https://www.econbiz.de/10013318275
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …
Persistent link: https://www.econbiz.de/10013136696
For the last fifty years, countries in Asia and elsewhere have witnessed a surge in aggregate savings per capita. Some empirical studies attribute this trend to the increases in life longevity of the populations of these countries. It has been argued that the rise in savings is short-run,...
Persistent link: https://www.econbiz.de/10013317372
on efficiency and fairness, including deep respect for human rights, holds the key to Europe's economic and social …
Persistent link: https://www.econbiz.de/10012982523