Found 3 article(s) for author 'Fairness'

Intergenerational Mobility and Preferences for Redistribution

Intergenerational Mobility and Preferences for Redistribution. Alberto Alesina, October 26, 2016, Paper, “Using newly collected cross-country survey and experimental data, we investigate how beliefs about intergenerational mobility affect individuals’ preferences for redistribution. We start by documenting the anatomy of views on mobility, fairness, the government, and redistribution across five countries: France, Italy, Sweden, the U.S., and the U.K. We show that Americans are more optimistic than Europeans about intergenerational mobility, and are generally too optimistic relative to reality, especially about the chances of making it from the very bottom to the very top quintile.Link

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How Much (More) Should CEOs Make? A Universal Desire for More Equal Pay

How Much (More) Should CEOs Make? A Universal Desire for More Equal Pay, Michael I. Norton, November 2014, Paper, Do people from different countries and different backgrounds have similar preferences for how much more the rich should earn than the poor? Using survey data from 40 countries (N = 55,238), we compare respondents’ estimates of the wages of people in different occupations – chief executive officers, cabinet ministers, and unskilled workers – to their ideals for what those wages should be. We show that ideal pay gaps between skilled and unskilled workers are significantly smaller than estimated pay gaps, and that there is consensus across countries, socioeconomic status, and political beliefs for ideal pay ratios. Moreover, data from 16 countries reveals that people dramatically underestimate actual pay inequality. In the United States – where underestimation was particularly pronounced – the actual pay ratio of CEOs to unskilled workers (354:1) far exceeded the estimated ratio (30:1) which in turn far exceeded the ideal ratio (7:1). In sum, respondents underestimate actual pay gaps, and their ideal pay gaps are even further from reality than those underestimates. Link

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The Domino Effect of Greed

The Domino Effect of Greed. Michael I. Norton, March, April 2014, Opinion. “The article presents the author’s views on the importance of showing generosity in front of unknown people for living a better life. He presents instances of both showing generosity and greediness among people. According to a research, people who faced greed offers greed to other people whereas people facing generosity or fairness will only offer generosity. Major reason behind offering greed is negative emotions of people...” Link

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