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Amiel et al. (1999) use the Atkinson and the Gini social welfare functions to measure income inequality attitudes based on data from leaky-bucket experiments. Yet the experimental de-sign does not allow their subjects to perceive income inequality according to the Gini or the Atkinson inequality...
Persistent link: https://www.econbiz.de/10005082893
An income inequality measure satisfies the Pigou-Dalton transfer principle if progressive transfers decrease income inequality. When transfers cause transaction costs, one can trace out the maximum leakage such that the transfer pays at the margin. An income inequality measure is leaky-bucket...
Persistent link: https://www.econbiz.de/10005082909
Leaky-bucket transactions can be regarded as income transfers allowing for transaction costs. In its most rudimentary form, leaky-bucket transactions trace out the maximum ?leakage? of transaction costs before income inequality is exacerbated, or before a welfare loss is experienced. This notion...
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This paper investigates the impact of preferences for male offspring to female offspring upon the sex ratio of the population. Asymmetric procreation behavior of this kind is modelled by assuming that a female's procreation ceases only after at least one son or "n" daughters are born. It is...
Persistent link: https://www.econbiz.de/10005760403
This paper uses the data gained from an income categorization experiment for five shapes of income distributions to investigate background context effects, relative deprivation, range-frequency theory to explain back-ground context effects,individual income satisfaction versus aggregate...
Persistent link: https://www.econbiz.de/10005125602
Preference reversal concerns a systematic divergence between prices of lotteries and subjects' expressed preferences for playing the respective lotteries. This article surveys the discovery of preference reversal by psychologists, its re-examination and corroboration both by psychologists and...
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