Measuring future grandparents' preferences for equality and relative standing

• 成果类型: Article
• 署名作者: Johansson-Stenman, O; Carlsson, F; Daruvala, D
• 署名单位: University of Gothenburg
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/1468-0297.00040
• 发表日期: 2002
• 页码: 362-383
• 关键词: Welfare; economists; happiness; utility; demand; GROWTH; income; veil

摘要

Individuals' aversion to risk and inequality, and their concern For relative standing, are measured through experimental choices between hypothetical societies. It is found that, oil average, individuals are both fairly inequality-averse and have a strong Concern lot. 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.