Inequality, well-being, and the problem of the unknown reporting function

Proceedings of the National Academy of Sciences of the United States of America

Authors: Prof. Andrew Oswald Dr. Caspar Kaiser

Caspar Kaiser and Andrew J. Oswald

Every politician, in every nation and in every era of history, eventually has to face a complex and emotive question. Should I try to redistribute money from my richer citizens to my poorer citizens? If so, by how much? This is a timeless issue.

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