Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/274054 
Year of Publication: 
2022
Series/Report no.: 
Discussion Papers of the Max Planck Institute for Research on Collective Goods No. 2022/5
Publisher: 
Max Planck Institute for Research on Collective Goods, Bonn
Abstract: 
Three determining factors for economic inequality are self-chosen effort, self-chosen risk, and external circumstances. The fairness people assign to inequalities due to effort and external circumstances is widely studied. Insights on the fairness of inequalities due to self-chosen effort and self-chosen risk, however, are lacking. I study a novel experimental setting where inequality is due to a choice over effort-provision and a choice over risk-taking. While the resulting inequality is mostly seen as fair, around 10% of third-party redistribution decisions are in line with a fairness norm that only considers the choice over effort.
Subjects: 
Inequality
Fairness
Risk-taking
JEL: 
C91
D63
D91
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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