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The social psychology of economic inequality

Matthew J. Easterbrook

No wp-2021-43, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: In this review, I provide an overview of the literature investigating the social psychology of economic inequality, focusing on individuals' understandings, perceptions, and reactions to inequality. I begin by describing different ways of measuring perceptions of inequality, and conclude that absolute measures—which ask respondents to estimate inequality in more concrete terms—tend to be more useful and accurate than relative measures.

Keywords: Inequality; Economic inequality; Psychological aspects (Economics); Inequality measurement; review (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-cbe, nep-cwa and nep-pke
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