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• W1505970379 abstract "Individuals’ aversion to risk and inequality, and their concern for relative standing, are measured through experimental choices between hypothetical societies. It is found that on average individuals are both fairly inequality-averse and have a strong concern for relative income. The results are used to illustrate welfare consequences based on a utilitarian SWF and a modified CRRA utility function. It is shown that the social marginal utility of income may then become negative, even at income levels that are far from extreme." @default.
• W1505970379 created "2016-06-24" @default.
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• W1505970379 date "2001-05-23" @default.
• W1505970379 modified "2023-09-26" @default.
• W1505970379 title "Measuring Hypothetical Grandparents Preferences For Equality And Relative Standings" @default.
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