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Lookup NU author(s): Professor Daniel ZizzoORCiD
This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0).
We run an experiment in Ethiopia where farmers can use their own money to decrease the money of others (money burning). The data supports the prediction from an inequality aversion model based on absolute income differences; but there is no support for an inequality aversion model based on comparison with mean payoff of others. Experimentally measured money burning on the village level is negatively correlated to real life agricultural innovations. This result is robust even when data from another independent survey than the current research are used. This underscores the importance of social preferences in agricultural innovations in developing countries.
Author(s): Kebede B, Zizzo DJ
Publication type: Article
Publication status: Published
Journal: World Development
Year: 2015
Volume: 67
Pages: 267-280
Print publication date: 01/03/2015
Online publication date: 20/11/2014
Acceptance date: 21/10/2014
Date deposited: 17/06/2015
ISSN (print): 0305-750X
ISSN (electronic): 1873-5991
Publisher: Pergamon Press
URL: http://dx.doi.org/10.1016/j.worlddev.2014.10.022
DOI: 10.1016/j.worlddev.2014.10.022
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