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- W2891552772 abstract "Why do low-income individuals often oppose redistribution? We hypothesize that an to being in undercuts support for redistribution, with low-income individuals punishing those slightly below themselves to keep someone them. In laboratory experiments, we find support for last-place aversion in the contexts of risk and redistributive preferences. Participants choose gambles with the potential to move them out of last place that they reject when randomly placed in other parts of the distribution. Similarly, in money- transfer games, those randomly placed in second-to-last place are the least likely to costlessly give money to the player one rank below. Last-place predicts that those earning just above the minimum wage will be most likely to oppose minimum-wage increases as they would no longer have a lower-wage group beneath them, a prediction we confirm using survey data." @default.
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- W2891552772 date "2011-07-01" @default.
- W2891552772 modified "2023-10-03" @default.
- W2891552772 title "Last-place Aversion: Evidence and Redistributive Implications" @default.
- W2891552772 doi "https://doi.org/10.3386/w17234" @default.
- W2891552772 hasPublicationYear "2011" @default.
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