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GINI DP 17: Income Inequality, Value Systems and Macroeconomic Performance

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  • Giacomo Corneo

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    (Department of Economics, Freie Universität Berlin)

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    Abstract

    This paper offers a comprehensive econometric investigation of the impact of income inequality on the values endorsed by people. Using survey data from thirty-three OECD countries over a period of twenty-eight years, the following dimensions of value systems are investigated: work ethic, civism, obedience, honesty, altruism, and tolerance. In most cases, no robust effects from inequality on values are detected. However, there is some weak evidence that a more equal income distribution might reduce the work ethic of the population and increase its tolerance. JEL-Classifi cation: D63, O15, O57, Z1

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    Bibliographic Info

    Paper provided by AIAS, Amsterdam Institute for Advanced Labour Studies in its series GINI Discussion Papers with number 17.

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    Date of creation: Sep 2011
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    Handle: RePEc:aia:ginidp:17

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    37. repec:fth:iniesr:557 is not listed on IDEAS
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    Cited by:
    1. Giacomo Corneo & Frank Neher, 2014. "Income inequality and self-reported values," Journal of Economic Inequality, Springer, vol. 12(1), pages 49-71, March.
    2. Javier Olivera, 2012. "Preferences for Redistribution in Europe," Working Papers 201225, Geary Institute, University College Dublin.

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