Inequality and Market (In)Efficiency
Past research shows that individuals drastically underestimated income inequality in their nation. There is therefore growing support for greater transparency of inequality. In two studies we demonstrate the effects of inequality awareness on the behavior of those in the highest income bracket, revealing potential unintended consequences of inequality awareness.
Citation:
Serena Hagerty and Michael Norton (2018) ,"Inequality and Market (In)Efficiency", in NA - Advances in Consumer Research Volume 46, eds. Andrew Gershoff, Robert Kozinets, and Tiffany White, Duluth, MN : Association for Consumer Research, Pages: 577-578.
Authors
Serena Hagerty, Harvard Business School, USA
Michael Norton, Harvard Business School, USA
Volume
NA - Advances in Consumer Research Volume 46 | 2018
Share Proceeding
Featured papers
See MoreFeatured
Inequality and Market (In)efficiency
Serena Hagerty, Harvard Business School, USA
Michael Norton, Harvard Business School, USA
Featured
Compatibility Theory
Ioannis Evangelidis, Bocconi University, Italy
Stijn M. J. van Osselaer, Cornell University, USA
Featured
Digital Storytelling and Post-Trust Online Sperm Marketing
Jennifer Takhar, Institut Supérieur de Gestion, Paris, France.
Laetitia Mimoun, HEC Paris, France