Risk aversion and other factors determine income redistribution preferences

Artikel

The amount of redistribution people favor depends on socioeconomic factors and their views on fairness. This study, based on a representative survey conducted in Sweden, confirms earlier results: Higher incomes are correlated with wanting less redistribution, women are more in favor of redistribution than men on average, and older people favor it more than younger people. People's views on fairness and altruism also play a role. The study also shows for the first time that individual differences in risk aversion correlate with redistributive preferences. People who shy away from risk tend to wish for more redistribution than people who are more prone to taking risks. The results help us understand which policies are supported by which segments of the population.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: DIW Weekly Report ; ISSN: 2568-7697 ; Volume: 8 ; Year: 2018 ; Issue: 17/18 ; Pages: 151-156 ; Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)

Classification and Topics

• Classification: Wirtschaft ; Survey Methods; Sampling Methods ; Design of Experiments: Laboratory, Individual ; Field Experiments ; Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; Criteria for Decision-Making under Risk and Uncertainty ; Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
• Subject: redistribution ; inequality ; survey ; risk aversion

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gärtner, Manja ; Mollerstrom, Johanna
• Event: Veröffentlichung
• (who): Deutsches Institut für Wirtschaftsforschung (DIW)
• (where): Berlin
• (when): 2018

Further information

• Handle: http://hdl.handle.net/10419/179677
• Last update: 10.03.2025, 11:44 AM CET