GINI DP 17: Income Inequality, Value Systems and Macroeconomic Performance
Giacomo Corneo
GINI Discussion Papers from AIAS, Amsterdam Institute for Advanced Labour Studies
Abstract:
This paper offers a comprehensive econometric investigation of the impact of income inequality on the values endorsed by people. Using survey data from thirty-three OECD countries over a period of twenty-eight years, the following dimensions of value systems are investigated: work ethic, civism, obedience, honesty, altruism, and tolerance. In most cases, no robust effects from inequality on values are detected. However, there is some weak evidence that a more equal income distribution might reduce the work ethic of the population and increase its tolerance. JEL-Classifi cation: D63, O15, O57, Z1
Date: 2011-09
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Persistent link: https://EconPapers.repec.org/RePEc:aia:ginidp:17
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