Stated and revealed inequality aversion in three subject pools

Beranek, Benjamin; Cubitt, Robin P.; Gaechter, Simon

Abstract

This paper reports data from three subject pools (n=717 subjects) using techniques based on those of Loewenstein, et al. (1989) and Blanco, et al. (2011) to obtain parameters, respectively, of stated and revealed inequality aversion. We provide a replication opportunity for those papers, with two innovations: (i) a design which allows stated and revealed preferences to be compared at the individual level; (ii) assessment of robustness of findings across subjects from a UK university, a Turkish university and Amazon Mechanical Turk. Our findings on stated aversion to inequality are qualitatively similar to those of Loewenstein, et al. in each of our subject pools, whereas there are notable differences between some of our findings on revealed preference and those of Blanco, et al. We find that revealed advantageous inequality aversion is often stronger than revealed dis-advantageous inequality aversion. In most subject pools, we find some (weak) correlation between corresponding parameters of stated and revealed inequality aversion.

Citation

Beranek, B., Cubitt, R. P., & Gaechter, S. (2015). Stated and revealed inequality aversion in three subject pools. Journal- Economic Science Association, 1(1), https://doi.org/10.1007/s40881-015-0007-1

• Journal Article Type: Article
• Publication Date: Apr 1, 2015
• Deposit Date: Sep 17, 2015
• Publicly Available Date: Sep 17, 2015
• Journal: Journal of the Economic Science Association
• Electronic ISSN: 2199-6776
• Peer Reviewed: Peer Reviewed
• Volume: 1
• Issue: 1
• DOI: https://doi.org/10.1007/s40881-015-0007-1
• Keywords: inequality aversion, replication, revealed and stated preferences, robustness across subject pools, MTurk.
• Public URL: https://nottingham-repository.worktribe.com/output/984142
• Publisher URL: http://link.springer.com/article/10.1007%2Fs40881-015-0007-1
• Additional Information: The final publication is available at Springer via http://dx.doi.org/10.1007/s40881-015-0007-1.