Date: 16:30 on Tue, 17 Jan 2017
Seminar Room G, Manor Road Building,Manor Road, Oxford, OX1 3UQ
Cutthroat Capitalism versus Cuddly Socialism: Are Americans More Meritocratic and Efficiency-seeking than Scandinavians?
Speaker(s): Ingvild Almås - Stockholm University
There are striking differences in inequality and redistribution between the United States and Scandinavia. To study whether there are corresponding differences in social preferences, we conducted the first large-scale international social preference experiment, with nationally representative samples making choices in identical environments. Combining the infrastructure of an international online market place and that of a leading international data collection agency, we show that Americans and Norwegians differ significantly in fairness views, but not in the importance assigned to efficiency. The study also provides causal evidence of fairness considerations being more fundamental for inequality acceptance than efficiency considerations in both countries.