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Risk and inequality perceptions

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  • Amiel, Yoram
  • Cowell, Frank

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 distri- butions in either a risk or inequality context. Both context and income levels are important in inßuencing rankings.

Suggested Citation

  • Amiel, Yoram & Cowell, Frank, 2001. "Risk and inequality perceptions," LSE Research Online Documents on Economics 2058, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:2058
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    File URL: http://eprints.lse.ac.uk/2058/
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    References listed on IDEAS

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    1. Amiel,Yoram & Cowell,Frank, 1999. "Thinking about Inequality," Cambridge Books, Cambridge University Press, number 9780521466967, October.
    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.
    3. Bossert, Walter & Pfingsten, Andreas, 1990. "Intermediate inequality: concepts, indices, and welfare implications," Mathematical Social Sciences, Elsevier, vol. 19(2), pages 117-134, April.
    4. Kolm, Serge-Christophe, 1976. "Unequal inequalities. II," Journal of Economic Theory, Elsevier, vol. 13(1), pages 82-111, August.
    5. Anthony F. Shorrocks & James E. Foster, 1987. "Transfer Sensitive Inequality Measures," Review of Economic Studies, Oxford University Press, vol. 54(3), pages 485-497.
    6. Kolm, Serge-Christophe, 1976. "Unequal inequalities. I," Journal of Economic Theory, Elsevier, vol. 12(3), pages 416-442, June.
    7. Hadar, Josef & Russell, William R, 1969. "Rules for Ordering Uncertain Prospects," American Economic Review, American Economic Association, vol. 59(1), pages 25-34, March.
    8. John C. Harsanyi, 1955. "Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility," Journal of Political Economy, University of Chicago Press, vol. 63, pages 309-309.
    9. Davies, James & Hoy, Michael, 1995. "Making Inequality Comparisons When Lorenz Curves Intersect," American Economic Review, American Economic Association, vol. 85(4), pages 980-986, September.
    10. A. B. Atkinson & F. Bourguignon, 1982. "The Comparison of Multi-Dimensioned Distributions of Economic Status," Review of Economic Studies, Oxford University Press, vol. 49(2), pages 183-201.
    11. Shorrocks, Anthony F, 1983. "Ranking Income Distributions," Economica, London School of Economics and Political Science, vol. 50(197), pages 3-17, February.
    12. 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.
    13. Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
    14. 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.
    15. Fishburn, Peter C. & Willig, Robert D., 1984. "Transfer principles in income redistribution," Journal of Public Economics, Elsevier, vol. 25(3), pages 323-328, December.
    16. Rothschild, Michael & Stiglitz, Joseph E., 1971. "Increasing risk II: Its economic consequences," Journal of Economic Theory, Elsevier, vol. 3(1), pages 66-84, March.
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    Cited by:

    1. Cowell, Frank & Cruces, Guillermo, 2003. "Perceptions of risk : an experimental approach using internet questionnaires," LSE Research Online Documents on Economics 2235, London School of Economics and Political Science, LSE Library.
    2. 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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    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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