Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/316743 
Year of Publication: 
2025
Series/Report no.: 
IZA Discussion Papers No. 17788
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Elites disproportionately influence policymaking, yet little is known about their fairness and efficiency preferences–key determinants of support for redistributive policies. We investigate these preferences using an incentivized lab experiment with a group of future elites–Ivy League MBA students. We find that elites implement more unequal earnings distributions than the average American, are highly sensitive to both merit-based inequality and efficiency costs of redistribution, and are less likely to hold strict meritocratic views. These findings provide novel insights into how elites' redistributive preferences may shape high levels of inequality and limited redistributive policy in the United States.
Subjects: 
meritocracy
efficiency
elite control
fairness ideals
redistributive preferences
MBA students
inequality
experimental economics
JEL: 
D63
C91
H23
Document Type: 
Working Paper

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