Séminaire KTO-GREDEG-OFCE - John Hey (Univ. of York - UK)

"Acceptable Compensations"
Quand ? Le 11-10-2018,
de 14:00 à 15:30
Où ? GREDEG - Salle Picasso
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Séminaire GREDEG

Prof. John Hey - University of York, UK

Co-authors : John Bone, Paolo Crosetto and Carmen Pasca.

Abstract : This paper is about social preferences in general and about compensation in particular. We investigate the support for the Liberal Egalitarianism idea that society should compensate an individual for low income due to bad luck, but not for low income due to lack of effort. This paper reports on a novel experiment designed to see how much support this idea gets, including a test of whether there is a difference when the support is expressed by an interested but impartial member of Society (behind the ‘Veil of Ignorance’) or by an outsider. Our experiment is novel firstly in that it directly elicits preferences about compensation principles, rather than inferring preferences about principles indirectly through choices (which is a procedure common in most experiments), and secondly in the way that it implements the Veil of Ignorance. As to the two questions above, our results show that support for compensating for luck receives modest but far from overwhelming support, while compensation for choosing not to work is generally not supported. The combination effects are mixed and no clear picture emerges. This may reflect on the difficult nature of the question posed to the subjects.

Personal webpage: https://sites.google.com/a/york.ac.uk/john-hey/home

Same Day in Room  KLEE 16:00 - 17:00

John Hey’s general lecture on the importance of experiments for social scientists: “What experiments can tell us about human economic behavior?”