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

  • Giacomo Corneo

    ()

    (Department of Economics, Freie Universität Berlin)

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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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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  1. Corneo, Giacomo & Jeanne, Olivier, 2009. "A theory of tolerance," Journal of Public Economics, Elsevier, vol. 93(5-6), pages 691-702, June.
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