
"The Prince and the Pauper" : The effect of inherited-wealth status on productivity in the lab
Monteiro, Sofia; Burns, Justine; Piraino, Patrizio (2018), "The Prince and the Pauper" : The effect of inherited-wealth status on productivity in the lab. https://basepub.dauphine.fr/handle/123456789/18359
Voir/Ouvrir
Type
Document de travail / Working paperDate
2018Titre de la collection
Nopoor-WorkingPaperPages
44
Métadonnées
Afficher la notice complèteAuteur(s)
Monteiro, SofiaUniversity of Cape Town [UCT]
Burns, Justine
University of Cape Town [UCT]
Piraino, Patrizio
University of Cape Town [UCT]
Résumé (EN)
There is limited theory and empirical evidence about the effects of inherited wealth and social comparison on individual labour-market behavior. Investigating the impact of inherited-wealth status - an accident of birth rather than an outcome of competition - contributes to the understanding of the mechanisms underlying intergenerational inequality. This lab experiment analyses whether framed inherited endowments infuence real-effort task performance. In particular, the analysis concerns the interaction between a framed inherited status in the lab and participants 'real inter-generational wealth status outside the lab. The results indicate that inheritance-framed endowments trigger a race gap (in favor of non-black participants) but identity-neutral lottery-framed endowments do not. In-heritance framing in the lab appears to trigger signicant changes in behavior for Princes (participants that expect to inherit wealth from their parents) while opposite but non-signicant effects are found for Paupers (who do not expect to inherit wealth from their parents).Mots-clés
experiment; slider task; inheritance; status; framingPublications associées
Affichage des éléments liés par titre et auteur.
-
Dupont, Julien; Guellec, Dominique; Oliveira Martins, Joaquim (2011-12) Article accepté pour publication ou publié
-
De Caterina, Raffaele; Kelly, Peter; Monteiro, Pedro; Deharo, Jean Claude; de Asmundis, Carlo; López-de-Sá, Esteban; Weiss, Thomas W.; Waltenberger, Johannes; Steffel, Jan; de Groot, Joris R.; Lévy, Pierre; Bakhai, Ameet; Zierhut, Wolfgang; Laeis, Petra; Reimitz, Paul-Egbert; Kirchhof, Paulus (2019) Article accepté pour publication ou publié
-
Vernet, Antoine; Pina-Stranger, Alvaro (2011) Communication / Conférence
-
Creel, Jérôme; Sterdyniak, Henri (2002) Communication / Conférence
-
Forges, Françoise; Mertens, Jean-François; Vohra, Rajiv (2002) Article accepté pour publication ou publié