Comparing inequality and risk aversion in health and income: An empirical analysis using hypothetical scenarios with losses

• Autores: Ignacio Abásolo Alessón, Aki Tsuchiya
• Localización: Papeles de trabajo del Instituto de Estudios Fiscales. Serie economía, ISSN 1578-0252, Nº 1, 2014, págs. 3-30
• Idioma: inglés
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• Resumen

  • Four kinds of distributional preferences are compared: inequality aversion in health, inequality aversion in income, risk aversion in health, and risk aversion in income. Face to face interviews of a representative sample of the general public are undertaken using hypothetical scenarios involving losses in either health or income. The results imply that the four distributional preferences were statistically significantly different from each other, with inequality aversion in household income the strongest, followed by risk aversion in household income, then risk aversion in individual health, with inequality aversion in individual health coming last. [92wds]