{"id":1943,"date":"2023-02-08T10:14:25","date_gmt":"2023-02-08T09:14:25","guid":{"rendered":"https:\/\/www.uni.lu\/fdef-fr\/events\/3e-seminar-anna-hochleitner-fairness-in-times-of-crisis-negative-shocks-relative-income-and-preferences-for-redistribution\/"},"modified":"2023-02-08T10:14:25","modified_gmt":"2023-02-08T09:14:25","slug":"3e-seminar-anna-hochleitner-fairness-in-times-of-crisis-negative-shocks-relative-income-and-preferences-for-redistribution","status":"publish","type":"events","link":"https:\/\/www.uni.lu\/fdef-fr\/events\/3e-seminar-anna-hochleitner-fairness-in-times-of-crisis-negative-shocks-relative-income-and-preferences-for-redistribution\/","title":{"rendered":"3E Seminar &#8211; Anna Hochleitner &#8211; Fairness in times of crisis: Negative shocks, relative income, and preferences for redistribution"},"content":{"rendered":"<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\"><p>In the framework of the 3E seminar series on the topic of Experiments, Ethics and Economics, Prof. Anna Hochleitner\u00a0held the lecture \u201cFairness in times of crisis: Negative shocks, relative income, and preferences for redistribution\u201d on 25 January 2023.<\/p><p>While times of economic crisis tend to generate increased concerns for topics of inequality and redistribution, it is less clear whether redistributive preferences themselves are affected by negative economic shocks. Informed by a theoretical framework, I design an experiment that exogenously varies an individual\u2019s experience of negative income shocks before they decide how to redistribute resources. Furthermore, the experiment introduces exogenous differences in relative income, distinguishing between poorer individuals who benefit from redistribution and richer individuals who benefit from the status quo. The results provide causal evidence that redistributive decisions depend on relative income, with poorer individuals favouring higher levels of redistribution. Moreover, the effect of negative shocks is conditional on relative income. While poorer individuals do not respond to shocks, richer individuals become more opposed to redistribution when they are hit by a shock, but more supportive of redistribution if poorer individuals are affected. A follow-up study extends these findings by bringing real world income shocks caused by the recent Covid-19 crisis into the experiment.<\/p><\/div><\/section>","protected":false},"excerpt":{"rendered":"<p>In the framework of the 3E seminar series on the topic of Experiments, Ethics and Economics, Prof. Anna Hochleitner\u00a0held the lecture \u201cFairness in times of crisis: Negative shocks, relative income, and preferences for redistribution\u201d on 25 January 2023.<\/p>\n","protected":false},"author":0,"featured_media":1944,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"event_start_date":"2023-01-25 12:00:00","event_end_date":"2023-01-25 12:00:00","event_speaker_name":"","event_speaker_link":"","event_is_online":false,"event_location":"","event_street":"","event_location_link":"","event_zip_code":"","event_city":"","event_country":"LU"},"events-topic":[301,298],"events-type":[],"organisation":[137,102],"authorship":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - 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