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Measuring tastes for equity and aggregate wealth behind the veil of ignorance
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| Personen und Körperschaften: | , , |
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| Titel: | Measuring tastes for equity and aggregate wealth behind the veil of ignorance/ Jan (J.P.M.) Heufer, Jason Shachat, Yan Xu |
| Format: | E-Book |
| Sprache: | Englisch |
| veröffentlicht: |
Amsterdam, The Netherlands
Tinbergen Institute
[2018]
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| Gesamtaufnahme: |
Tinbergen Institute: Discussion paper ; TI 2018, 087
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| Quelle: | Verbunddaten SWB Lizenzfreie Online-Ressourcen |
| Zusammenfassung: | We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance. We pair portfolio and wealth distribution choice problems which have a common budget set. For a given bundle, the distribution over an individual's wealth is the same for both problems. The portfolio choice serves as a benchmark to evaluate whether the wealth distribution choice exhibits equity or efficiency preferring tastes. We report experiments using a within-subject design testing the veracity of this instrument. We find clusters of equity preferring, efficiency preferring, and socially agnostic individuals through reduced form, revealed preference, and structural estimation analyses. |
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| Umfang: | 1 Online-Ressource (circa 33 Seiten); Illustrationen |