1. |
- Daruvala, Dinky, 1962, et al.
(författare)
-
Measuring hypothetical grandparents preferences for quality and relative standings
- 2001
-
Rapport (övrigt vetenskapligt/konstnärligt)abstract
- 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.
|
|