Add to ORKGIndividuals’ 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.Well-being; Veil of ignorance; distributional considerations; welfare theory
Inequality aversion and risk aversion are widely assumed features of economic models. But a review o...
In Rawls’ (A theory of justice. Harvard University Press, Cambridge, 1971) influential social contra...
This note shows that for two social welfare functions which are inequality averse with respect to ce...
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...
Evaluation of future social welfare may not only depend on the aggregate of individual prospects, bu...
This paper deals with individuals’ preferences for social outcomes in the context of income and heal...
Research background: In Economics, the concept of inequality aversion corresponds with the concept o...
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...
This paper attempts to find a relationship between agents' risk aversion and inequality of incomes. ...
A transfer from a richer individual to a poorer one seems to be the most intuitive and straightforwa...
A central finding in happiness research is that a person's life satisfaction depends on the level of...
Inequality aversion and risk aversion are widely assumed features of economic models. But a review o...
In Rawls’ (A theory of justice. Harvard University Press, Cambridge, 1971) influential social contra...
This note shows that for two social welfare functions which are inequality averse with respect to ce...
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...
Evaluation of future social welfare may not only depend on the aggregate of individual prospects, bu...
This paper deals with individuals’ preferences for social outcomes in the context of income and heal...
Research background: In Economics, the concept of inequality aversion corresponds with the concept o...
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...
This paper attempts to find a relationship between agents' risk aversion and inequality of incomes. ...
A transfer from a richer individual to a poorer one seems to be the most intuitive and straightforwa...
A central finding in happiness research is that a person's life satisfaction depends on the level of...
Inequality aversion and risk aversion are widely assumed features of economic models. But a review o...
In Rawls’ (A theory of justice. Harvard University Press, Cambridge, 1971) influential social contra...
This note shows that for two social welfare functions which are inequality averse with respect to ce...