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Inequality of Opportunity and Income Redistribution
Preuss, Marcel; Somerville, Jason; Reyes, Germán; Wu, Joy - 2023
We examine how people redistribute income when there is uncertainty about the role luck plays in determining opportunities and outcomes. We elicit redistribution decisions from a U.S.-representative sample who observe worker outcomes and whether luck magnified workers’ effort (“lucky...
Persistent link: https://www.econbiz.de/10014357631
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Opportunity and Inequality Across Generations
Koeniger, Winfried - 2020
We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic and persistent across generations. We calibrate the...
Persistent link: https://www.econbiz.de/10012841147
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Polygyny, Inequality, and Social Unrest
Krieger, Tim - 2020
This paper proposes three theoretical mechanisms through which polygyny may be related to social unrest. The mechanisms are related to different dimensions of grievance-inducing and, partly, greed-related inequality, which may occur in polygynous societies. These dimensions include (i) economic,...
Persistent link: https://www.econbiz.de/10012836203
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Meta-Analysis of Inequality Aversion Estimates
Nunnari, Salvatore; Pozzi, Massimiliano - 2022
We conduct an interdisciplinary meta-analysis to aggregate the knowledge from empirical estimates of inequality aversion reported from 1999 to 2022. In particular, we examine 85 estimates of disadvantageous inequality aversion (or envy) and advantageous inequality aversion (or guilt) from 26...
Persistent link: https://www.econbiz.de/10014080048
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Redistribution of Return Inequality
Schulz, Karl - 2021
Wealthier households obtain higher returns on their investments than poorer ones. How should the tax system account for this return inequality? I study capital taxation in an economy in which return rates endogenously correlate with wealth. The leading example is a financial market, where the...
Persistent link: https://www.econbiz.de/10013233147
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Intragenerational Inequality Aversion and Intergenerational Equity
Cairns, Robert D.; Del Campo, Stellio; Martinet, Vincent - 2021
We study the interplay between intragenerational and intergenerational equity in an economy with two countries producing and consuming from national capital stocks. We characterize the sustainable development path that a social planner would implement to achieve intertemporal egalitarianism. If...
Persistent link: https://www.econbiz.de/10013239334
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How Does Exposure to COVID-19 Influence Health and Income Inequality Aversion?
Asaria, Miqdad; Costa-Font, Joan; Cowell, Frank - 2021
We study the determinants of individual aversion to health and income inequality in three European countries and the effects of exposure to COVID-19 including the effect employment, income and health shocks using representative samples of the population in each country. Comparing levels of...
Persistent link: https://www.econbiz.de/10013215672
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Hours Inequality
Checchi, Daniele; García-Peñalosa, Cecilia; Vivian, Lara - 2022
The vast literature on earnings inequality has so far largely ignored the role played by hours of work. This paper argues that in order to understand earnings dispersion we need to consider not only the dispersion of hourly wages but also inequality in hours worked as well as the correlation...
Persistent link: https://www.econbiz.de/10014240481
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Misperceiving Economic Success : Experimental Evidence on Meritocratic Beliefs and Inequality Acceptance
Fehr, Dietmar; Vollmann, Martin - 2022
Meritocratic beliefs are often invoked as justification of inequality. We provide evidence on how meritocratic beliefs are shaped by economic status and how they contribute to the moral justification of inequality. In a large-scale survey experiment in the US, we show that success causes a...
Persistent link: https://www.econbiz.de/10014244022
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Inequality Undermines Democracy and Growth
Gylfason, Thorvaldur - 2019
growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank … and by The Standardized World Income Inequality Database are seen to be correlated with economic diversification, the rule … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …
Persistent link: https://www.econbiz.de/10012892099