Arbeitspapier

Income Inequality and Self-Reported Values

This paper offers a comprehensive econometric investigation of the impact of income inequality on the values endorsed by people. Using survey data from all thirty-four OECD countries over a period of almost thirty years, the following dimensions of value systems are investigated: work ethic, civism, obedience, honesty, altruism, and tolerance. In most cases, no robust effects from inequality on values are detected. However, there is evidence that a more unequal income distribution strengthens the work ethic of the population. Thus, income inequality seems to generate work incentives not only via the pecuniary reward of work but also through the symbolic reward it receives.

Language
Englisch

Bibliographic citation
Series: SFB/TR 15 Discussion Paper ; No. 382

Classification
Wirtschaft
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Economic Development: Human Resources; Human Development; Income Distribution; Migration
Comparative Studies of Countries
Subject
Income inequality
Value systems
Einkommensverteilung
Soziale Werte
Schätzung
OECD-Staaten

Event
Geistige Schöpfung
(who)
Corneo, Giacomo
Neher, Frank
Event
Veröffentlichung
(who)
Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)
(where)
München
(when)
2012

DOI
doi:10.5282/ubm/epub.13172
Handle
URN
urn:nbn:de:bvb:19-epub-13172-4
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Corneo, Giacomo
  • Neher, Frank
  • Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)

Time of origin

  • 2012

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