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The Prince and the Pauper: The effect of inherited-wealth status on productivity in the lab

Author

Listed:
  • Dr Sofia Monteiro
  • Justine Burns
  • Patrizio Piraino

Abstract

There is limited theory and empirical evidence about the effects of inherited wealth and social comparison on individual labor-market behavior. Investigating the impact of inherited-wealth status – an accident of birth rather than an outcome of competition – contributes to the understanding of the mechanisms underlying intergenerational inequality. This lab experiment analyses whether framed inherited […]

Suggested Citation

  • Dr Sofia Monteiro & Justine Burns & Patrizio Piraino, 2018. "The Prince and the Pauper: The effect of inherited-wealth status on productivity in the lab," Working Papers 748, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:748
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    More about this item

    Keywords

    Consumer Behavior; Environmental Law; Research Methods; Social welfare;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General

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