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Are People Inequality‐Averse, or Just Risk‐Averse

Dados Bibliográficos

ID9722669
AutoresFredrik Carlsson (0000-0003-4789-8009, University of Gothenburg), Dinky Daruvala (University of Gothenburg), Olof Johansson‐Stenman (0000-0003-4460-4765, University of Gothenburg)
Ano2005
Volume72
Fascículo287
Páginas375-396
Data de publicação2005-08-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoEconomica (JOURNAL)
Identificadores do periódicoISSN: 0013-0427 • E-ISSN: 1468-0335
EditoraWiley (PUBLISHER • GB)
DOI10.1111/j.0013-0427.2005.00421.x
OpenAlexW2171752539
IdiomaEN
Citações recebidas34
Referências citadas41

Individuals' preferences for risk and inequality are measured through choices between imagined societies and lotteries. The median relative risk aversion, which is often seen to reflect social inequality aversion, is between 2 and 3. Most people are also found to be individually inequality‐averse, reflecting a willingness to pay for living in a more equal society. Left‐wing voters and women are both more risk and inequality‐averse than others. The model allows for non‐monotonic SWFs, implying that welfare may decrease with an individual's income at high‐income levels, which is illustrated in simulations based on the empirical results

Demographic economics · Economic inequality · Economics · Expected utility hypothesis · Inequality · Inequity aversion · Mathematical economics · Microeconomics · Public economics · Risk aversion (psychology) · Welfare · Decision-Making and Behavioral Economics · Economic theories and models · Experimental Behavioral Economics Studies · Mathematics

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Obras citantes distintas34
Citações por ano1,79
Intervalo de citações2007 - 2026 (20)
Velocidade de citaçãocurrent
Altamente citadoNão
Tipos de citaçãoNeutras: 33
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