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Social sampling, self-anchoring and redistribution
Schulz, Jan; Mayerhoffer, Daniel (2024): Social sampling, self-anchoring and redistribution, in: Economics Letters, Amsterdam [u.a.]: Elsevier, Jg. 244, Nr. 111942, S. 1–3, doi: 10.1016/j.econlet.2024.111942.
Faculty/Chair:
Author:
By:
Schulz, Jan; ...
Title of the Journal:
Economics Letters
ISSN:
0165-1765
Publisher Information:
Year of publication:
2024
Volume:
244
Issue:
111942
Pages:
Language:
English
Abstract:
We examine the effect that agents anchor their perceptions of societal mean incomes on their own incomes. As we show analytically and verify by means of numerical simulation, this self-anchoring implies that even if the sampling of agents is unbiased and fully random, including their own income into their estimate of the average can lead to substantial misperceptions, especially, if the sampling ratio is small. Within a Meltzer–Richard framework, we then demonstrate that self-anchoring leads to a decrease in implemented redistribution.
Keywords: ;  ;  ;  ; 
Self-anchoring
Social sampling
Redistribution
Inequality
Voting
DDC Classification:
Type:
Article
Activation date:
September 9, 2024
Project(s):
Versioning
Question on publication
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https://fis.uni-bamberg.de/handle/uniba/97948