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Understanding the exact connection between inequality and justice is important because justice is classically regarded … justice, the sense of justice would not awaken to exert its moral suasion, no matter how great the inequality or how fast its … increase. We obtain exact links between economic inequality and three parameters of the justice evaluation distribution …
Persistent link: https://www.econbiz.de/10011521090
Many experiments indicate that most individuals are not purely motivated by material self interest, but also care about the well being of others. In this paper we examine tournaments among inequity averse agents, who dislike disadvantageous inequity (envy) and advantageous inequity (compassion)....
Persistent link: https://www.econbiz.de/10011415111
A burgeoning literature in economics has started examining the role of social norms in explaining economic behavior. Surprisingly, the vast majority of this literature has studied social norms in asocial decision settings, where individuals are observed to act in isolation from each other. In...
Persistent link: https://www.econbiz.de/10011449225
We present a framework that incorporates both moral motivations and fairness considerations into utility. The main idea is that individuals face a preference trade-off between their material individual interest and their desire to follow moral norms. In our model, we assume that moral motivation...
Persistent link: https://www.econbiz.de/10012138532
Economic inequality may fuel frustration, possibly leading to anger and antisocial behavior. We experimentally study a situation where only the rich can reduce inequality while the poor can express their discontent by destroying the wealth of a rich counterpart with whom they had no previous...
Persistent link: https://www.econbiz.de/10012064378
The steady increase in inequality over the past decades has revived a lively debate about what can be considered a fair distribution of income. Public support for the extent of redistribution typically depends on the perceived causes of income inequality, such as differences in effort, luck, or...
Persistent link: https://www.econbiz.de/10011704184
The order of actions in contests may generate different psychological effects which, in turn, may influence contestants' probabilities to win. The Prouhet-Thue-Morse sequence in which the first 'n' moves is the exact mirror image of the next 'n' moves should theoretically terminate any advantage...
Persistent link: https://www.econbiz.de/10011704206
Standard income inequality indices can be interpreted as a measure of welfare loss entailed in departures from equality of outcomes, for egalitarian social welfare functions defined on the distribution of outcomes. But such a welfare interpretation has been criticized for a long time on the...
Persistent link: https://www.econbiz.de/10011641764
Modern welfare policies are increasingly based on notions of reciprocity. Citizens on welfare benefits have to do something in return, e.g. volunteer work. Notwithstanding general public support, social philosophers have been critical on 'mandatory' activities in community programmes. So far,...
Persistent link: https://www.econbiz.de/10011283145
Labor market opportunities and wages may be unfair for various reasons, and how workers respond to different types of unfairness can have major economic consequences. Using an online labor platform, where workers engage in an individual task for a piece-rate wage, we investigate the causal...
Persistent link: https://www.econbiz.de/10012161104