Building a Better America—One Wealth Quintile at a Time

@article{Norton2011BuildingAB,
  title={Building a Better America—One Wealth Quintile at a Time},
  author={Michael I. Norton and Dan Ariely},
  journal={Perspectives on Psychological Science},
  year={2011},
  volume={6},
  pages={12 - 9}
}
  • M. Norton, D. Ariely
  • Published 1 January 2011
  • Economics
  • Perspectives on Psychological Science
Disagreements about the optimal level of wealth inequality underlie policy debates ranging from taxation to welfare. We attempt to insert the desires of “regular” Americans into these debates, by asking a nationally representative online panel to estimate the current distribution of wealth in the United States and to “build a better America” by constructing distributions with their ideal level of inequality. First, respondents dramatically underestimated the current level of wealth inequality… 

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