Are people inequality averse or just risk averse?
| dc.contributor.author | Johansson-Stenman, Olof | swe |
| dc.contributor.author | Daruvala, Dinky | swe |
| dc.contributor.author | Carlsson, Fredrik | swe |
| dc.contributor.department | Department of Economics | swe |
| dc.date.accessioned | 2006-12-05 | swe |
| dc.date.accessioned | 2007-02-09T11:16:27Z | |
| dc.date.available | 2007-02-09T11:16:27Z | |
| dc.date.issued | 2001 | swe |
| dc.description.abstract | Individuals' preferences for risk and inequality are measured through experimental choices between hypothetical societies and lotteries. The median relative risk aversion, which is often seen to reflect social inequality aversion, is between 2 and 3. We also estimate the individual inequality aversion, reflecting individuals' 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. This is illustrated in simulations based on the empirical results. | swe |
| dc.format.extent | 29 pages | swe |
| dc.format.extent | 620893 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.gup.epcid | 2301 | swe |
| dc.gup.origin | Göteborg University. School of Business, Economics and Law | swe |
| dc.identifier.issn | 1403-2465 | swe |
| dc.identifier.uri | http://hdl.handle.net/2077/2865 | |
| dc.language.iso | en | swe |
| dc.relation.ispartofseries | Working Papers in Economics, nr 43 | swe |
| dc.subject | Inequality aversion; risk aversion; welfare theory | swe |
| dc.subject.svep | Economics | swe |
| dc.title | Are people inequality averse or just risk averse? | swe |
| dc.type.svep | Report | swe |
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