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Risk and Inequality Perceptions

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  • Yoram Amiel
  • Frank A Cowell

Abstract

We examine the relationship between risk analysis and inequality analysis, using a questionnaire-experimental approach .The experiments focus on the effect of income transformations on the perceived rankings of income distributions in either a risk or inequality context. Both context and income levels are important in influencing rankings.

Suggested Citation

  • Yoram Amiel & Frank A Cowell, 2001. "Risk and Inequality Perceptions," STICERD - Distributional Analysis Research Programme Papers 55, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    • Handle: RePEc:cep:stidar:55
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    References listed on IDEAS

    as
    1. Amiel,Yoram & Cowell,Frank, 1999. "Thinking about Inequality," Cambridge Books, Cambridge University Press, number 9780521466967.
    2. Rothschild, Michael & Stiglitz, Joseph E., 1973. "Some further results on the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 6(2), pages 188-204, April.
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    13. Amiel, Yoram & Cowell, Frank A., 1992. "Measurement of income inequality : Experimental test by questionnaire," Journal of Public Economics, Elsevier, vol. 47(1), pages 3-26, February.
    14. Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
    15. Manfred NERMUTH, 1992. "Different Economic Theories with the Same Formal Structure: Risk, Income Inequality, Information Structures," Vienna Economics Papers vie9207, University of Vienna, Department of Economics.
    16. Fishburn, Peter C. & Willig, Robert D., 1984. "Transfer principles in income redistribution," Journal of Public Economics, Elsevier, vol. 25(3), pages 323-328, December.
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    18. Jean-Jacques Laffont, 1989. "The Economics of Uncertainty and Information," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121360, December.
    19. Rubin Saposnik, 1981. "Rank-dominance in income distributions," Public Choice, Springer, vol. 36(1), pages 147-151, January.
    20. Rubin Saposnik, 1983. "On evaluating income distributions: Rank dominance, the Suppes-Sen grading principle of justice, and Pareto optimality," Public Choice, Springer, vol. 40(3), pages 329-336, January.
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    Cited by:

    1. Camacho-Cuena, Eva & Seidl, Christian & Morone, Andrea, 2005. "Comparing preference reversal for general lotteries and income distributions," Journal of Economic Psychology, Elsevier, vol. 26(5), pages 682-710, October.
    2. Yoram Amiel & Frank Cowell & Liema Davidovitz & Avraham Polovin, 2008. "Preference reversals and the analysis of income distributions," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 30(2), pages 305-330, February.
    3. Brice Magdalou & Dimitri Dubois & Phu Nguyen-Van, 2009. "Risk and Inequality Aversion in Social Dilemmas," Working Papers 09-02, LAMETA, Universtiy of Montpellier, revised Mar 2009.
    4. Miqdad Asaria & Joan Costa-Font & Frank Cowell, 2023. "How does exposure to COVID-19 influence health and income inequality aversion?," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 61(3), pages 625-647, October.
    5. Mitesh Kataria & M. Levati & Matthias Uhl, 2014. "Paternalism with hindsight: do protégés react consequentialistically to paternalism?," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 43(3), pages 731-746, October.
    6. Schilizzi, Steven, 2003. "Deciding with long-term environmental impacts: what role for discounting?," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 58206, Australian Agricultural and Resource Economics Society.
    7. Hong, Hao & Ding, Jianfeng & Yao, Yang, 2015. "Individual social welfare preferences: An experimental study," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 57(C), pages 89-97.
    8. Brennan, Geoffrey & González, Luis G. & Güth, Werner & Levati, M. Vittoria, 2008. "Attitudes toward private and collective risk in individual and strategic choice situations," Journal of Economic Behavior & Organization, Elsevier, vol. 67(1), pages 253-262, July.
    9. Seidl, Christian & Camacho Cuena, Eva & Morone, Andrea, 2003. "Income Distributions versus Lotteries Happiness, Response-Mode Effects, and Preference," Economics Working Papers 2003-01, Christian-Albrechts-University of Kiel, Department of Economics.
    10. Frank A Cowell & Guillermo Cruces, 2003. "Perceptions of Risk: an Experimental Approach using Internet Questionnaires," STICERD - Distributional Analysis Research Programme Papers 70, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    11. Mani Motameni, 2017. "A Novel Analysis of Risk Sharing Effects on Income Inequality in Informal Insurances," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 21(2), pages 230-240, Spring.
    12. Ayça Giritligil Kara & Murat Sertel, 2005. "Does majoritarian approval matter in selecting a social choice rule? An exploratory panel study," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 25(1), pages 43-73, October.

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    More about this item

    Keywords

    Risk; Inequality; Income transformations.;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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