Overconfidence, Income-Ability Gap, and Preferences for Income Equality

2021 ◽  
Author(s):  
Daiki Kishishita ◽  
Atsushi Yamagishi ◽  
Tomoko Matsumoto
Keyword(s):  
Income Equality

Wealth and preferences for redistribution: The effects of financial assets and home equity in 31 countries

2021 ◽  
pp. 002071522098808
Author(s):  
Liza G Steele
Keyword(s):  
Household Wealth ◽  
Welfare States ◽  
Social Effects ◽  
Financial Assets ◽  
Unemployment Benefits ◽  
Home Equity ◽  
Income Equality ◽  
Financial Wealth ◽  
Preferences For Redistribution ◽  
The Social

How does wealth affect preferences for redistribution? In general, social scientists have largely neglected to study the social effects of wealth. This neglect was partially due to a dearth of data on household wealth and social outcomes, and also to greater scholarly interest in how wealth has been accumulated rather than the social effects of wealth. While we would expect household wealth to be an important component of attitudes toward inequality and social welfare policies, research in this area is scarce. In this study, the relationship between wealth and preferences for redistribution is examined in cross-national global and comparative perspective using data on 31 countries from the 2009 wave of the International Social Survey Programme (ISSP), the first wave of that study to include measures of wealth. The findings presented compare the effects of two types of wealth—financial assets and home equity—and demonstrate that there are differences in effects by asset type and by redistributive policy in question. Financial wealth is more closely associated with attitudes about income equality, while home equity is more closely associated with attitudes about unemployment benefits. Moreover, while the upper categories of financial wealth have the largest negative effects on support for income equality, it is the middle categories of home equity that are most strongly associated with opposition to unemployment benefits. Effects also differ by country, but not in patterns that theories of comparative welfare states nor political economy would adequately explain.

Does Income Equality of Export IPO Firms Hurt Their Market Returns in Korea?: Using Fama-French 5 Factor Model

2021 ◽  
Vol 17 (2) ◽  
pp. 175-189
Author(s):  
Yong-Shang Liua ◽  
Jin-San Kim ◽  
Sung-Hwan Kim
Keyword(s):  
Factor Model ◽  
Market Returns ◽  
Income Equality

scholarly journals A Reference Group Effect in the Misperception of the Black-White Income Gap

2018 ◽  
Author(s):  
Michael W. Kraus ◽  
Jennifer Richeson
Keyword(s):  
Black Family ◽  
Reference Group ◽  
High Status ◽  
White Family ◽  
Income Equality ◽  
Income Gap ◽  
Black And White ◽  
Income Disparities ◽  
Reference Group Effects ◽  
Group Effects

The goal of the present work was to determine if reference group effects influence the magnitude of misperception of the Black-White income gap. In prior research, large samples of Americans overestimate income equality between Black and White Americans, but that prior work used the same methodology where respondents were always asked to think of a typical or average White exemplar family prior to making estimates of the comparative income of a typical or average Black family. The results from an initial experiment suggest that reference group effects do shift misperceptions of Black-White income equality. When first thinking of a typical Black family a (N = 607) sample of respondents provided larger overestimates of Black-White income equality then when thinking of a White family first. Similar estimates were observed for participants using a scale versus a free response form for indicating their income gap perceptions. The results suggest that, when bringing a Black exemplar to mind first in the context of estimates of income disparities, Americans tend to bring to mind high status Black exemplars that skew conceptions of income disparities toward greater equality and widen errors in estimation of the Black-White income gap.

Korea’s Trilemma in the Labor Market: Fiscal Discipline, Employment Growth, and Income Equality

Peace Studies ◽  
2020 ◽  
Vol 28 (2) ◽  
pp. 39-75
Author(s):  
Jiyeoun Song
Keyword(s):  
Labor Market ◽  
Employment Growth ◽  
Fiscal Discipline ◽  
Income Equality

Equity Versus Efficiency: The Costs of Pursuing Income Equality

2019 ◽  
pp. 127-141
Author(s):  
D. Eric Schansberg
Keyword(s):  
Income Equality

An empirical study on income equality, economic growth and financial inclusion in Indonesia: model development on SMEs financing

2018 ◽  
Vol 9 (4) ◽  
pp. 346
Author(s):  
Grahita Chandrarin ◽  
Anwar Sanusi ◽  
Ali Imron ◽  
Sari Yuniarti
Keyword(s):  
Economic Growth ◽  
Empirical Study ◽  
Model Development ◽  
Financial Inclusion ◽  
Income Equality

scholarly journals The unequal distribution of household carbon footprints in Europe and its link to sustainability

2020 ◽  
Vol 3 ◽  
Author(s):  
Diana Ivanova ◽  
Richard Wood
Keyword(s):  
European Union ◽  
Social Groups ◽  
Living Conditions ◽  
Unequal Distribution ◽  
Carbon Footprints ◽  
Income Equality ◽  
Household Level ◽  
Consumption Data ◽  
European Union Countries

Non-technical summary The distribution of household carbon footprints is largely unequal within and across countries. Here, we explore household-level consumption data to illustrate the distribution of carbon footprints and consumption within 26 European Union countries, regions and social groups. The analysis further sheds light on the relationships between carbon footprints and socially desirable outcomes such as income, equality, education, nutrition, sanitation, employment and adequate living conditions.

scholarly journals Linear Measures, the Gini Index, and The Income-Equality Trade-off

1994 ◽  
Vol 64 (2) ◽  
pp. 443-467 ◽  
Author(s):  
Elchanan Ben Porath ◽  
Itzhak Gilboa
Keyword(s):  
Gini Index ◽  
Trade Off ◽  
Income Equality

The productive and protective dimensions of welfare in Asia and the Pacific: pathways towards human development and income equality?

2015 ◽  
Vol 31 (2) ◽  
pp. 151-173 ◽  
Author(s):  
Stefan Kühner
Keyword(s):  
Human Development ◽  
Fuzzy Set ◽  
Informal Economy ◽  
Social Protection ◽  
Qualitative Comparative Analysis ◽  
Employment Protection ◽  
Ideal Types ◽  
Income Equality ◽  
The Pacific ◽  
And Training

This article draws on recent data provided by the Asian Development Bank's Social Protection Index and uses Fuzzy Set Ideal Type Analysis to develop ideal types of welfare activity to which 29 countries in Asia and the Pacific can have varying degrees of membership. There is little evidence that the commitment to “productive” and “protective” welfare is oriented along broad geographical units or predetermined by economic affluence and the size of the informal economy. It also adds an explorative Fuzzy Set Qualitative Comparative Analysis to test the effect of “productive” and “protective” welfare properties on human development and income equality. Here, it finds that the absence of strong income protection is most clearly linked to low human development at the macro-level; high education investment is linked to high income inequality if governments fail to invest in employment and income protection or employment protection and training, respectively.

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