Efficiency versus fairness: The evaluation of labor market policies by economists and laypeople

Haferkamp, Alexandra; Fetchenhauer, Detelf; Belschak, Frank D.; Enste, Dominik H.

doi:10.1016/j.joep.2009.03.010

Cited by 61 publications

(44 citation statements)

References 47 publications

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“…Haferkamp et al (2009) have shown that preferences for various policies were driven by both fairness and efficiency considerations. Comparing lay people and economists, they found that economists not only differed in the evaluation of both dimensions, but also that they put more weight on the efficiency criterion than lay people.…”

Section: Survey and Administrationmentioning

confidence: 99%

The Belief that Market Transactions Are Mutually Beneficial: A Comparison of the Views of Students in Economics and Other Disciplines

Goossens¹,

Méon²

2015

The Journal of Economic Education

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Section: Survey and Administrationmentioning

confidence: 99%

The Belief that Market Transactions Are Mutually Beneficial: A Comparison of the Views of Students in Economics and Other Disciplines

Goossens¹,

Méon²

2015

The Journal of Economic Education

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“…This is to be expected because understanding how the economy works is hard and the public generally is not exposed to systematic economic analysis. We would hope that if it were, differences would practically disappear, except for some type of normative issues, such as those related to redistribution and fairness (Haferkamp et al 2009). …”

Section: Introductionmentioning

confidence: 99%

Student Preconceptions and Learning Economic Reasoning

Busom

Lopez-Mayan

2015

SSRN Journal

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Economic views held by the general public tend to differ significantly from those of economic experts. To what extent would these differences fade away if people were exposed to economic instruction? In this paper we identify first-year college students' initial preconceptions about economic issues, explore some cognitive biases behind them, verify their persistence, and test whether beliefs are correlated to course performance. We conduct a survey at the beginning and the end of the semester on a sample of students taking an economic principles course. We find evidence of preconception persistence, inconsistencies and self-serving bias. Most students do not incorporate the newly learned tools into their thinking process, even if they perform well. Many economics senior students have some beliefs that are contradicted in a principles course. Instruction in economics could be more efficient if it explicitly addressed students' preconceptions and biases, a path already taken in other disciplines.JEL Classification: A12, A20, Y8

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“…For example, Frey (1986) and Frey, Pommerehne, and Gygi (1993) have shown that economists tend to favor the price system as an allocation mechanism while many other indviduals …nd it unfair. More recently, Haferkamp et al (2009) have shown that economists have rather di¤erent views about what constitutes desirable labour market policies from other people, while Jacob, Christandl and Fetchenhauer (2011) have found similar value discrepancies between economists and others regarding trade and migration policies. More generally, Gandal et al (2006) have found that economists hold di¤erent values from other individuals.…”

Section: Introductionmentioning

confidence: 99%

The Happiness of Economists: Estimating the Causal Effect of Studying Economics on Subjective Well-Being

Haucap

Heimeshoff

2010

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The working papers published in the Series constitute work in progress circulated to stimulate discussion and critical comments. Views expressed represent exclusively the authors' own opinions and do not necessarily reflect those of the editor. Abstract This is the …rst paper that studies the causal e¤ect of studying economics on subjective well being. Based on a survey among 918 students of economics and other social sciences, we estimate the effects of studying in the di¤erent …elds on individual life satisfaction. Controling for personal characteristics we apply innovative instrumental variable methods developed in labor and con ‡ict economics. We …nd a positive relationship between the study of economics and individual well-being. Additionally, we also …nd that income and future job chances are the most important drivers of happiness for participants of our survey. Terms of use: Documents inJEL-Classi…cation: A11, A13, I21, I31.

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Efficiency versus fairness: The evaluation of labor market policies by economists and laypeople

Cited by 61 publications

References 47 publications

The Belief that Market Transactions Are Mutually Beneficial: A Comparison of the Views of Students in Economics and Other Disciplines

The Belief that Market Transactions Are Mutually Beneficial: A Comparison of the Views of Students in Economics and Other Disciplines

Student Preconceptions and Learning Economic Reasoning

The Happiness of Economists: Estimating the Causal Effect of Studying Economics on Subjective Well-Being

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