What Determines Perceived Income Justice? Evidence from the German TwinLife Study

33 Pages Posted: 15 Dec 2018

See all articles by Michael Neugart

Michael Neugart

Technische Universität Darmstadt

Selen Yildirim

Darmstadt University of Technology - Department of Law and Economics; Goethe University Frankfurt - Graduate School of Economics, Finance and Management (GSEFM)

Date Written: November 23, 2018

Abstract

Whether individuals perceive their income as being fair has far reaching consequences in the labor market and beyond. Yet we know little on the determinants of variation in perceived income justice across individuals. In this paper we ask whether genes can explain parts of the variation. To this end, we analyze data from the German TwinLife study. We find that more than 30% in individuals' perceived income justice can be attributed to genetic variation. The rest is mostly driven by idiosyncratic environmental effects. We, furthermore, do not find evidence for gene-environment interaction effects.

Keywords: perceived income justice, twins, behavioral genetics

JEL Classification: D10, D90

Suggested Citation

Neugart, Michael and Yildirim, Selen, What Determines Perceived Income Justice? Evidence from the German TwinLife Study (November 23, 2018). Available at SSRN: https://ssrn.com/abstract=3289604 or http://dx.doi.org/10.2139/ssrn.3289604

Michael Neugart

Technische Universität Darmstadt ( email )

Hochschulstraße 1
Darmstadt, 64289
Germany

HOME PAGE: http://www.vwl3.wi.tu-darmstadt.de/fachgebiete_10/startseite_6/index.en.jsp

Selen Yildirim (Contact Author)

Darmstadt University of Technology - Department of Law and Economics ( email )

D-64283 Darmstadt
Germany

Goethe University Frankfurt - Graduate School of Economics, Finance and Management (GSEFM) ( email )

House of Finance
Grüneburgplatz 1
Frankfurt am Main, 60323
Germany

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