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the amount of monetary incentives in firms. In contrast, huge wage inequality without any promotion possibilities does not …
Persistent link: https://www.econbiz.de/10010277234
the amount of monetary incentives in firms. In contrast, huge wage inequality without any promotion possibilities does not …
Persistent link: https://www.econbiz.de/10004968421
Persistent link: https://www.econbiz.de/10005015028
stability of democracy. One widely studied determinant of political trust is income inequality. While the empirical finding that … societies with lower levels of income inequality have higher levels of trust is well established, the exact ways in which income … inequality affects political trust remain unclear. Past research has shown that individuals oftentimes have biased perceptions of …
Persistent link: https://www.econbiz.de/10015198020
Three determining factors for economic inequality are self-chosen effort, self-chosen risk, and external circumstances … setting where inequality is due to a choice over effort-provision and a choice over risk-taking. While the resulting … inequality is mostly seen as fair, around 10% of third-party redistribution decisions are in line with a fairness norm that only …
Persistent link: https://www.econbiz.de/10014327021
Meritocratic fairness justifies inequality when it stems from performance. Yet performance is influenced by one … generating performance inequality. In an incentivized online experiment, impartial spectators can redistribute the earnings that … generating performance inequality. …
Persistent link: https://www.econbiz.de/10014547697
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
with income inequality. In line with the fall in income inequality in the region, we document a widespread, although modest … inequality for 17 out of the 18 countries for which microdata is available. Our analysis reveals unfairness perceptions are more … correlated with relative measures of income inequality than absolute ones and that individual characteristics are correlated with …
Persistent link: https://www.econbiz.de/10011818721
, but previously understudied, situation where there is uncertainty about whether inequality is reflecting performance or … uncertainty about the source of inequality provides a strong egalitarian pull on the behavior of meritocrats. In addition, the …
Persistent link: https://www.econbiz.de/10012145502
Empirical evidence on distributional preferences shows that people do not judge inequality as problematic per se but … inequality do not adequately reflect these normative preferences. In this paper we address this shortcoming by developing a new … measure of unfair inequality that reconciles two widely-held fairness principles: equality of opportunity and freedom from …
Persistent link: https://www.econbiz.de/10012290363