Individuals' aversion to risk and inequality, and their concern for relative standing, are measured through experimental choices between hypothetical societies. It is found that on average individuals are both fairly inequality-averse and have a strong concern for relative income. The results are used to illustrate welfare consequences based on a utilitarian SWF and a modified CRRA utility function. It is shown that the social marginal utility of income may then become negative, even at income levels that are far from extreme
Empirical studies of the relative income hypothesis have found both positive and negative effects of...
This note shows that for two social welfare functions which are inequality averse and anonymous, if ...
Inequality aversion and risk aversion are widely assumed features of economic models. But a review o...
Individuals’ aversion to risk and inequality, and their concern for relative standing, are measured ...
Individuals ’ aversion to risk and inequality, and their concern for relative standing, are measured...
This thesis consists of four separate experimental studies that concern individuals’ preferences and...
Individuals ’ preferences for risk and inequality are measured through choices between imagined soci...
This paper deals with individuals’ preferences for social outcomes in the context of income and heal...
Evaluation of future social welfare may not only depend on the aggregate of individual prospects, bu...
This paper attempts to find a relationship between agents' risk aversion and inequality of incomes. ...
Research background: In applied welfare economics, the constant relative inequality aversion functio...
The authors acknowledge the participants of the ESF Guernsey meeting, June 1998, for their helpful c...
Research background: In Economics, the concept of inequality aversion corresponds with the concept o...
A transfer from a richer individual to a poorer one seems to be the most intuitive and straightforwa...
abstract: Economists, political philosophers, and others have often characterized social preferences...
Empirical studies of the relative income hypothesis have found both positive and negative effects of...
This note shows that for two social welfare functions which are inequality averse and anonymous, if ...
Inequality aversion and risk aversion are widely assumed features of economic models. But a review o...
Individuals’ aversion to risk and inequality, and their concern for relative standing, are measured ...
Individuals ’ aversion to risk and inequality, and their concern for relative standing, are measured...
This thesis consists of four separate experimental studies that concern individuals’ preferences and...
Individuals ’ preferences for risk and inequality are measured through choices between imagined soci...
This paper deals with individuals’ preferences for social outcomes in the context of income and heal...
Evaluation of future social welfare may not only depend on the aggregate of individual prospects, bu...
This paper attempts to find a relationship between agents' risk aversion and inequality of incomes. ...
Research background: In applied welfare economics, the constant relative inequality aversion functio...
The authors acknowledge the participants of the ESF Guernsey meeting, June 1998, for their helpful c...
Research background: In Economics, the concept of inequality aversion corresponds with the concept o...
A transfer from a richer individual to a poorer one seems to be the most intuitive and straightforwa...
abstract: Economists, political philosophers, and others have often characterized social preferences...
Empirical studies of the relative income hypothesis have found both positive and negative effects of...
This note shows that for two social welfare functions which are inequality averse and anonymous, if ...
Inequality aversion and risk aversion are widely assumed features of economic models. But a review o...
Add to ORKG