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While economic crises tend to raise questions about a fair distribution of resources, less is known about whether and how fairness views themselves are affected by negative shocks. To answer this question, I conduct two experimental studies investigating the causal link between income shocks and...
Persistent link: https://www.econbiz.de/10013169002
social preferences transmitted by ideology. We introduce inequality-averse and inefficiency-averse agents and analyze their …
Persistent link: https://www.econbiz.de/10011737097
overestimate their position reduce their aversion to inequality after learning their position, while those who underestimate their …We study beliefs about wealth inequality and preferences for wealth redistribution. For this, we conduct a large … for redistribution after learning about the shape of the wealth distribution. In contrast, older participants decrease …
Persistent link: https://www.econbiz.de/10014543737
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Understanding the tradeoff between preferences for redistribution and efficiency is a central question in public finance. Existing experimental work examining this question formalize efficiency in “leaky bucket” choice tasks where possible redistribution schemes are exogeneously pre-selected...
Persistent link: https://www.econbiz.de/10013242959
How does the experience of social mobility affect people's distributive preferences? Using cross-country survey data and a survey experiment, I examine the effects of experienced social mobility on support for redistribution. The results indicate an asymmetric relationship - experiencing...
Persistent link: https://www.econbiz.de/10013211551
In this paper we construct a stochastic overlapping-generations general equilibrium model in which households are subject to aggregate shocks that affect both wages and asset prices. We use a calibrated version of the model to quantify how the welfare costs of severe recessions are distributed...
Persistent link: https://www.econbiz.de/10013025363
administrative data from China, we document a substantial increase in inequality of wealth held in risky assets by Chinese households …
Persistent link: https://www.econbiz.de/10012848961
Using cross-country survey data and a survey experiment, I examine the effects of experienced social mobility on support for redistribution. In line with the self-serving bias, those with negative mobility experiences 'blame the system' and extrapolate from their experience onto society, which...
Persistent link: https://www.econbiz.de/10014288922