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Risk and Inequality Perceptions

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  • Yoram Amiel
  • Frank A Cowell

Abstract

We examine the relationship between risk analysis and inequality analysis, using a questionnaire-experimental approach .The experiments focus on the effect of income transformations on the perceived rankings of income distributions in either a risk or inequality context. Both context and income levels are important in influencing rankings.

Suggested Citation

  • Yoram Amiel & Frank A Cowell, 2001. "Risk and Inequality Perceptions," STICERD - Distributional Analysis Research Programme Papers 55, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    • Handle: RePEc:cep:stidar:55
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    References listed on IDEAS

    as
    1. Amiel,Yoram & Cowell,Frank, 1999. "Thinking about Inequality," Cambridge Books, Cambridge University Press, number 9780521466967, October.
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    12. repec:bla:econom:v:50:y:1983:i:197:p:3-17 is not listed on IDEAS
    13. Amiel, Yoram & Cowell, Frank A., 1992. "Measurement of income inequality : Experimental test by questionnaire," Journal of Public Economics, Elsevier, vol. 47(1), pages 3-26, February.
    14. Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
    15. Manfred NERMUTH, 1992. "Different Economic Theories with the Same Formal Structure: Risk, Income Inequality, Information Structures," Vienna Economics Papers vie9207, University of Vienna, Department of Economics.
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    Cited by:

    1. Camacho-Cuena, Eva & Seidl, Christian & Morone, Andrea, 2005. "Comparing preference reversal for general lotteries and income distributions," Journal of Economic Psychology, Elsevier, vol. 26(5), pages 682-710, October.
    2. Yoram Amiel & Frank Cowell & Liema Davidovitz & Avraham Polovin, 2008. "Preference reversals and the analysis of income distributions," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 30(2), pages 305-330, February.
    3. Brice Magdalou & Dimitri Dubois & Phu Nguyen-Van, 2009. "Risk and Inequality Aversion in Social Dilemmas," Working Papers 09-02, LAMETA, Universtiy of Montpellier, revised Mar 2009.
    4. Miqdad Asaria & Joan Costa-Font & Frank Cowell, 2023. "How does exposure to COVID-19 influence health and income inequality aversion?," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 61(3), pages 625-647, October.
    5. Mitesh Kataria & M. Levati & Matthias Uhl, 2014. "Paternalism with hindsight: do protégés react consequentialistically to paternalism?," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 43(3), pages 731-746, October.
    6. Schilizzi, Steven, 2003. "Deciding with long-term environmental impacts: what role for discounting?," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 58206, Australian Agricultural and Resource Economics Society.
    7. Cowell, Frank & Cruces, Guillermo, 2003. "Perceptions of risk : an experimental approach using internet questionnaires," LSE Research Online Documents on Economics 2235, London School of Economics and Political Science, LSE Library.
    8. Hong, Hao & Ding, Jianfeng & Yao, Yang, 2015. "Individual social welfare preferences: An experimental study," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 57(C), pages 89-97.
    9. Mani Motameni, 2017. "A Novel Analysis of Risk Sharing Effects on Income Inequality in Informal Insurances," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 21(2), pages 230-240, Spring.
    10. Brennan, Geoffrey & González, Luis G. & Güth, Werner & Levati, M. Vittoria, 2008. "Attitudes toward private and collective risk in individual and strategic choice situations," Journal of Economic Behavior & Organization, Elsevier, vol. 67(1), pages 253-262, July.
    11. Ayça Giritligil Kara & Murat Sertel, 2005. "Does majoritarian approval matter in selecting a social choice rule? An exploratory panel study," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 25(1), pages 43-73, October.
    12. Seidl, Christian & Camacho Cuena, Eva & Morone, Andrea, 2003. "Income Distributions versus Lotteries Happiness, Response-Mode Effects, and Preference," Economics Working Papers 2003-01, Christian-Albrechts-University of Kiel, Department of Economics.

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    More about this item

    Keywords

    Risk; Inequality; Income transformations.;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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