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”. This supports a central Rawlsian idea: behind an (experimental) “veil of uncertainty”, the lack of idiosyncratic … inequality perpetuated by social immobility is likely to undermine the general support for market-based systems. …
Persistent link: https://www.econbiz.de/10014504499
increasing in the equality of initial endowments, it is found here that it is increasing in the inequality of rewards in the …, as greater inequality in terms of social status induces gambling, it can cause greater inequality of wealth. …
Persistent link: https://www.econbiz.de/10009142629
We show that perceptions of relative rank in the wealth distribution shape individuals’ willingness to take risks. Using a representative large-scale survey, we manipulate perceptions of relative standing by randomly varying response categories when asking respondents about their wealth level....
Persistent link: https://www.econbiz.de/10013215212
We show that perceptions of relative rank in the wealth distribution shape individuals' willingness to take risks. Using a representative large-scale survey, we manipulate perceptions of relative standing by randomly varying response categories when asking respondents about their wealth level....
Persistent link: https://www.econbiz.de/10012603175
A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and … intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is … lower (higher) and the SCC higher (lower) than along an inequality-neutral growth path, especially if intra-generational and …
Persistent link: https://www.econbiz.de/10013206181
This paper studies the effect of deep recessions on intergenerational inequality by quantifying the welfare effects on …
Persistent link: https://www.econbiz.de/10012390444
one following the COVID-19 pandemic, on income inequality and the risk of poverty in Greece. To this end, we also … inequality and relative poverty have deteriorated during the years of crises, implying that the country's response to economic … distribution, we show that income inequality and the risk of poverty increase with growth, implying that the benefits of growth …
Persistent link: https://www.econbiz.de/10014321081
that all uncertainty is revealed in the limit and agents behave as expected utility maximizer under the true underlying …
Persistent link: https://www.econbiz.de/10010270415
that all uncertainty is revealed in the limit and agents behave as expected utility maximizer under the true underlying …
Persistent link: https://www.econbiz.de/10010272543
decision tasks where specific choice patterns are consistent with incomplete preferences under uncertainty but inconsistent … uncertainty. …
Persistent link: https://www.econbiz.de/10010531832