Post Tagged with: "behavior economics"

Why the Poor Don’t Always Support Programs Designed to Help Them

Why the Poor Don’t Always Support Programs Designed to Help Them

Instead of opposing redistribution because people expect to make it to the top of the economic ladder, the authors of the new paper argue that people don’t like to be at the bottom. One paradoxical consequence of this “last-place aversion” is that some poor people may be vociferously opposed to the kinds of policies that would actually raise their own income a bit but that might also push those who are poorer than them into comparable or higher positions.

Economist: The poor like taxing the rich less than you would think

See also this essay on the causes of conspicuous consumption.

August 24, 2011 0 comments