The emerging literature on experimental methods in connection with economic inequality has shed fresh light on how to think about inequality, how important issues of equality are in comparison with other economic objectives and how individuals incorporate criteria of equality and fairness into their own decisions.

This volume covers a wide range of topics in the field of income distribution and extends the approach to related issues such as mobility and attitudes to risk. The selection of papers includes both participatory experiments - where individuals respond to economic incentives - and questionnaire experiments designed to investigate the extent to which individuals' values and attitudes conform to the way that economists and others conventionally model inequality and welfare.

Economic inequality has become a focus of prime interest for economic analysts and policy makers. This book provides an integrated approach to the topics of inequality and personal income distribution. It covers the practical and theoretical bases for inequality analysis, applications to real world problems and the foundations of theoretical approaches to income distribution. It also analyses models of the distribution of labour earnings and of income from wealth. The long-run development of income - and wealth - distribution over many generations is also examined. Special attention is given to an assessment of the merits and weaknesses of standard economic models, to illustrating the implications of distributional mechanisms using real data and illustrative examples, and to providing graphical interpretation of formal arguments. Examples are drawn from US, UK and international sources.

Economic inequality has become a focus of prime interest for economic analysts and policy makers. This book provides an integrated approach to the topics of inequality and personal income distribution. It covers the practical and theoretical bases for inequality analysis and income distribution as well as providing applications to real world problems. Special attention is given to an assessment of the merits and weaknesses of standard economic models and to illustrating the implications of distributional mechanisms using real data and illustrative examples.