Growth

Rich and Co.

“When wealth is more visible, inequality rises further, while cooperation and interconnectedness both go down.”

leave a comment »

visibility of wealth had a substantial negative effect—overall wealth was significantly lower in the conditions where wealth was visible compared to the invisible wealth conditions.

Cooperation and social connectivity were also lower when wealth was visible, though neither of these two measures were affected by the presence or lack of initial wealth inequality.

The authors conclude that wealth visibility fosters the persistence of wealth inequality, at least under experimental conditions. By contrast, any initial wealth inequality had relatively little effect on cooperation, interconnectedness, and overall wealth accumulation. Thus, it seems that the largest problem wealth may cause lies not in its distribution, but instead in the visibility of inequality.

Advertisements

Written by Rich and Co.

September 15, 2015 at 2:27 pm

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: