A tale of two cities: an experiment on inequality and preferences

Bigoni, Maria; Bortolotti, Stefania; Rattini, Veronica

doi:10.1007/s11238-021-09803-6

Cited by 4 publications

(3 citation statements)

References 44 publications

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“…We consider additional control variables that have also been previously recognized in the literature as factors influencing risk and/or time preferences: occupational status (Charness et al, 2007; Falk et al, 2018), urban area size (Bigoni et al, 2022), and parental responsibilities (Cicchelli & Maunaye, 2001; Meissner et al, 2023; Sundén & Surette, 1998). Details about these control variables are presented in Table 3.…”

Section: Methodsmentioning

confidence: 99%

Does age affect the relation between risk and time preferences? Evidence from a representative sample

Wang,

Rafaï,

Willinger

2023

Southern Economic Journal

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We examine the links between age, risk tolerance, and impatience in a large French representative sample. We combine elicited preferences data based on an incentivized web experiment and stated preferences data based on self‐reported surveys. Our findings highlight distinct patterns: when considering stated preferences, both risk tolerance and impatience exhibit a decline with age. Higher risk tolerance is associated with higher impatience, and this relationship strengthens with age in the financial domain. In contrast, our analysis of elicited measures uncovers a different dynamic. Specifically, risk tolerance tends to increase with age, while age exhibits no significant influence on impatience. Furthermore, individuals endowed with higher risk tolerance tend to demonstrate lower levels of impatience, irrespective of their age.

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Section: Methodsmentioning

confidence: 99%

Does age affect the relation between risk and time preferences? Evidence from a representative sample

Wang,

Rafaï,

Willinger

2023

Southern Economic Journal

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“…As in Bigoni et al (2018), the TG is characterized by the reversal of roles in a sequential order. Each participant acts first as trustor and then as trustee.…”

Section: The Trust Game (Tg)mentioning

confidence: 99%

Was Banfield right? New insights from a nationwide laboratory experiment

Aassve

Conzo

Mattioli

2021

Journal of Regional Science

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Since the pioneering study by Banfield, the North-South gap in Italian social capital has been considered by international scholars as an example of how cultural diversity within a country can generate different developmental outcomes.Most studies, however, suffer from limited external validity and measurement error. This paper exploits a new and representative online lab-experiment to assess social-capital patterns in Italy. Unlike previous experiments, we do not inform participants about the geographic origins of their counterparts. This feature allows us to assess the North-South gap in universal, as opposed to parochial, behavior.Results suggest that Southerners and Northerners do not systematically differ in generalized prosocial preferences.Only trustworthiness is higher among. Northerners, while they are statistically similar to Southerners in many other economic preferences such as cooperation, trust, expected trustworthiness, altruism, and risk tolerance. We also show that the gap in trustworthiness stems from the lower reciprocity of Southerners in response to large transfers, and it is characterized by the intergenerational transmission of norms. Possible policy implications are discussed.

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“…Beyond issues pertaining to scarcity in absolute terms, poverty may also impact behavior through the inequality it creates. Bigoni et al, (2021) investigate the effect of differences in socioeconomic background on individual preferences. In an additional twist, they investigate such differences in a university student population within the same city-arguably a harder test, since it controls for educational attainment.…”

mentioning

confidence: 99%