Full Citation

Title: More than Average Income? Preferences for Income Equality and Mobility Statistics

Citation Type: Working Paper

Publication Year: 2020

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DOI: 10.13140/RG.2.2.16806.75841

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Abstract: To describe preferences for income mobility/equality, we generate statistics that can be interpreted as marginal rates of substitution and converted to willingness-to-pay (WTP). All else constant, U.S. residents are willing to pay $2,736 dollars to increase income equality 10 percentiles and $1,778 dollars to increase income mobility 10 percentiles. Liberals' WTP for income equality is two times larger than conservatives'; there are no significant differences in the WTP for mobility. Educational attainment, income, ideology, and beliefs about upward mobility negatively predict a WTP for income equality; the only predictor of the WTP for mobility is gender.

Url: https://www.researchgate.net/profile/Bernardo-Lara-E/publication/342211622_More_than_Average_Income_Preferences_for_Income_Equality_and_Mobility_Statistics/links/5ee8d889299bf1faac59dd1d/More-than-Average-Income-Preferences-for-Income-Equality-and-Mobilit

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Authors: Lara E, Bernardo; A. Shores, Kenneth

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Pages: 1-42

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Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure, Poverty and Welfare

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