Repeated Shocks and Preferences for Redistribution

Arbeitspapier

A society that believes wealth to be determined by random "luck", rather than by merit, demands more redistribution. We present evidence of this behavior by exploiting a natural experiment provided by the L'Aquila earthquake in 2009, which hit a large area of Central Italy through a series of destructive shakes over eight days. Matching detailed information on the ground acceleration registered during each shock with survey data about individual opinions on redistribution we show that the average intensity of the shakes is associated with subsequent stronger beliefs that, for a society to be fair, income inequalities should be levelled by redistribution. The shocks, however, are not all alike. We find that only the last three shakes - occurred on the fourth and the eighth day of the earthquake - have a statistically significant impact. Overall, we find that the timing and repetition of the shocks play a role in informing redistributive preferences.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 12475

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Structure and Scope of Government: General ; National Government Expenditures and Welfare Programs ; Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; Welfare Economics: Other
• Thema: redistribution ; inequality ; natural disasters ; earthquakes ; multiple shocks

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Gualtieri, Giovanni ; Nicolini, Marcella ; Sabatini, Fabio
• Ereignis: Veröffentlichung
• (wer): Institute of Labor Economics (IZA)
• (wo): Bonn
• (wann): 2019

Weitere Informationen

• Handle: http://hdl.handle.net/10419/202821
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ