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I explore the effects of a preference for fairness in the division of housework between two spouses in two different models of household time allocation. Both in the model with agreeing spouses and the model with noncooperative spouses, such a preference has an equalising effect on the division...
Persistent link: https://www.econbiz.de/10010321818
The literature shows that when a society believes that wealth is determined by random “luck” rather than by merit, it demands more redistribution. Adverse shocks, like earthquakes, strengthen the belief that random “bad luck” can frustrate the outcomes achieved with merit. We...
Persistent link: https://www.econbiz.de/10011957007
CEO compensation that is perceived to be excessive regularly causes agitation in the population. Using German data, we show that perceiving CEO pay to be unjust has economic repercussions in terms of lower work morale.
Persistent link: https://www.econbiz.de/10010270046
Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...
Persistent link: https://www.econbiz.de/10014577216
How malleable are people's fairness ideals? Although fairness is an oft-invoked concept in allocation situations, it is still unclear whether and to what extent people's allocations reflect their fairness ideals. We investigate in a laboratory experiment whether people's fairness ideals vary...
Persistent link: https://www.econbiz.de/10013208726