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The Distributional Preferences of Americans / Raymond Fisman, Pamela Jakiela, Shachar Kariv.
- Format:
- Book
- Author/Creator:
- Fisman, Raymond.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w20145.
- NBER working paper series no. w20145
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2014.
- Summary:
- We measure the distributional preferences of a large, diverse sample of Americans by embedding modified dictator games that vary the relative price of redistribution in the American Life Panel. Subjects' choices are generally consistent with maximizing a (social) utility function. We decompose distributional preferences into two distinct components - fair-mindedness (tradeoffs between oneself and others) and equality-efficiency tradeoffs - by estimating constant elasticity of substitution utility functions at the individual level. Approximately equal numbers of Americans have equality-focused and efficiency-focused distributional preferences. After controlling for individual characteristics, our experimental measures of equality-efficiency tradeoffs predict the political decisions of our subjects.
- Notes:
- Print version record
- May 2014.
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