Fairness, (perception of) inequality, and redistribution preferences

Abstract

AbstractThis special issue consists of nine surveys that delve into the recent development in the literature on inequality, examining its perception, sources, implications, and potential solutions. The review synthesizes key aspects, from the conceptualization of inequality perception to its profound consequences such as deteriorated social cohesion, unethical behaviors, and even violent conflicts. The papers underscore the complexity of individuals' preferences for redistribution, influenced by myriad factors like procedural fairness, societal norms, and ethnicity composition. They also explore the potential for interventions, such as wage transparency reforms, to tackle inequality. This synthesis underscores the persistent challenge posed by inequality, while also pointing towards unexplored avenues for future research, thus advancing our understanding of the socio‐economic implications of inequality.