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This paper investigates how people differentiate between inequality caused by talent and inequality caused by luck in a large-scale study of the US population. We establish that people distinguish significantly between inequality due to luck and inequality due to talent, even when controlling...
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The paper reports the first experimental study on people's fairness views on extreme income inequalities arising from winner-take-all reward structures. We find that the majority of participants consider extreme income inequality generated in winner-take-all situations as fair, independent of...
Persistent link: https://www.econbiz.de/10011847544
The paper reports the first experimental study on people's fairness views on extreme income inequalities arising from winner-take-all reward structures. We find that the majority of participants consider extreme income inequality generated in winner-take-all situations as fair, independent of...
Persistent link: https://www.econbiz.de/10011852563
The paper reports the first experimental study on people's fairness views on extreme income inequalities arising from winner-take-all reward structures. We find that the majority of participants consider extreme income inequality generated in winner-take-all situations as fair, independent of...
Persistent link: https://www.econbiz.de/10011857203
Persistent link: https://www.econbiz.de/10012656503
Negative externalities, social and environmental responsibility, income effects, market experimentsThis paper reports the results of a large-scale incentivized experiment investigating individuals' fairness perceptions of the extreme income inequalities generated in winner-take-all competitions....
Persistent link: https://www.econbiz.de/10015114902
Meritocracy is a prominent fairness view in many societies, but often difficult to apply because there is limited information about the source of inequality. This paper studies theoretically and empirically how limited information affects inequality acceptance. We connect the literatures on...
Persistent link: https://www.econbiz.de/10014083435