@techreport{533d6949143e4f398959f5c46bb0d119,
title = "Measuring tastes for equity and aggregate wealth behind the veil of ignorance",
abstract = "We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance. We pair portfolio and wealth distribution choice problems which have a common budget set. For a given bundle, the distribution over an individual's wealth is the same for both problems. The portfolio choice serves as a benchmark to evaluate whether the wealth distribution choice exhibits equity or efficiency preferring tastes. We report experiments using a within-subject design testing the veracity of this instrument. We find clusters of equity preferring, efficiency preferring, and socially agnostic individuals through reduced form, revealed preference, and structural estimation analyses.",
author = "Jan Heufer and Jason Shachat and Yan Xu",
year = "2018",
doi = "10.2139/ssrn.3285839",
language = "English",
series = "Tinbergen Institute Discussion Paper",
publisher = "Tinbergen Institute",
type = "WorkingPaper",
institution = "Tinbergen Institute",
}