Biased perceptions of income distribution and preferences for redistribution: Evidence from a survey experiment

Individual perceptions of income distribution play a vital role in political economy and public finance models, yet there is little evidence regarding their origins or accuracy. This study examines how individuals form these perceptions and explores their potential impact on preferences for redistri...

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Detalles Bibliográficos
Autores principales:	Cruces, Guillermo, Pérez Truglia, Ricardo, Tetaz, Martín
Formato:	Articulo Documento de trabajo
Lenguaje:	Inglés
Publicado:	2012
Materias:	Ciencias Económicas income distribution biased perceptions limited information preferences for redistribution ingreso economía encuesta económica
Acceso en línea:	http://sedici.unlp.edu.ar/handle/10915/45909 http://cedlas.econo.unlp.edu.ar/download.php?file=archivos_upload/doc_cedlas138.pdf
Aporte de:	SEDICI (UNLP) de Universidad Nacional de La Plata

id	I19-R120-10915-45909
record_format	dspace
institution	Universidad Nacional de La Plata
institution_str	I-19
repository_str	R-120
collection	SEDICI (UNLP)
language	Inglés
topic	Ciencias Económicas income distribution biased perceptions limited information preferences for redistribution ingreso economía encuesta económica
spellingShingle	Ciencias Económicas income distribution biased perceptions limited information preferences for redistribution ingreso economía encuesta económica Cruces, Guillermo Pérez Truglia, Ricardo Tetaz, Martín Biased perceptions of income distribution and preferences for redistribution: Evidence from a survey experiment
topic_facet	Ciencias Económicas income distribution biased perceptions limited information preferences for redistribution ingreso economía encuesta económica
description	Individual perceptions of income distribution play a vital role in political economy and public finance models, yet there is little evidence regarding their origins or accuracy. This study examines how individuals form these perceptions and explores their potential impact on preferences for redistribution. A tailored household survey provides original evidence on systematic biases in individuals’ evaluations of their own relative position in the income distribution. The study discusses one of the mechanisms that may generate such biases, based on the extrapolation of information from endogenous reference groups, and presents some suggestive evidence that this mechanism has significant explanatory power. The impact of these biased perceptions on attitudes toward redistributive policies is studied by means of an experimental design that was incorporated into the survey, which provided consistent information on the own-ranking within the income distribution to a randomly selected group of respondents. The evidence suggests that those who had overestimated their relative position and thought that they were relatively richer than they were tend to demand higher levels of redistribution when informed of their true ranking.
format	Articulo Documento de trabajo
author	Cruces, Guillermo Pérez Truglia, Ricardo Tetaz, Martín
author_facet	Cruces, Guillermo Pérez Truglia, Ricardo Tetaz, Martín
author_sort	Cruces, Guillermo
title	Biased perceptions of income distribution and preferences for redistribution: Evidence from a survey experiment
title_short	Biased perceptions of income distribution and preferences for redistribution: Evidence from a survey experiment
title_full	Biased perceptions of income distribution and preferences for redistribution: Evidence from a survey experiment
title_fullStr	Biased perceptions of income distribution and preferences for redistribution: Evidence from a survey experiment
title_full_unstemmed	Biased perceptions of income distribution and preferences for redistribution: Evidence from a survey experiment
title_sort	biased perceptions of income distribution and preferences for redistribution: evidence from a survey experiment
publishDate	2012
url	http://sedici.unlp.edu.ar/handle/10915/45909 http://cedlas.econo.unlp.edu.ar/download.php?file=archivos_upload/doc_cedlas138.pdf
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bdutipo_str	Repositorios
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Biased perceptions of income distribution and preferences for redistribution: Evidence from a survey experiment

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