Defending the One Percent

There is no author summary for this article yet. Authors can add summaries to their articles on ScienceOpen to make them more accessible to a non-specialist audience.

Abstract

Related collections

Most cited references 8

Record: found
Abstract: not found
Article: not found

Income Inequality in the United States, 1913-1998

T. Piketty, E Sáez (2003)

0 comments Cited 439 times – based on 0 reviews      Review now

Bookmark

Record: found
Abstract: not found
Article: not found

Why Has CEO Pay Increased So Much?*

Xavier Gabaix, Augustin Landier (2008)

0 comments Cited 158 times – based on 0 reviews      Review now

Bookmark

Record: found
Abstract: found
Article: not found

The Promises and Pitfalls of Genoeconomics*

Shaun Purcell, David Laibson, Craig S Atwood … (2012)

This article reviews existing research at the intersection of genetics and economics, presents some new findings that illustrate the state of genoeconomics research, and surveys the prospects of this emerging field. Twin studies suggest that economic outcomes and preferences, once corrected for measurement error, appear to be about as heritable as many medical conditions and personality traits. Consistent with this pattern, we present new evidence on the heritability of permanent income and wealth. Turning to genetic association studies, we survey the main ways that the direct measurement of genetic variation across individuals is likely to contribute to economics, and we outline the challenges that have slowed progress in making these contributions. The most urgent problem facing researchers in this field is that most existing efforts to find associations between genetic variation and economic behavior are based on samples that are too small to ensure adequate statistical power. This has led to many false positives in the literature. We suggest a number of possible strategies to improve and remedy this problem: (a) pooling data sets, (b) using statistical techniques that exploit the greater information content of many genes considered jointly, and (c) focusing on economically relevant traits that are most proximate to known biological mechanisms.

0 comments Cited 58 times – based on 0 reviews      Review now

Bookmark

All references

Author and article information

Journal

Title: Journal of Economic Perspectives

Abbreviated Title: Journal of Economic Perspectives

Publisher: American Economic Association

ISSN (Print): 0895-3309

Publication date Created: August 2013

Publication date (Print): August 2013

Volume: 27

Issue: 3

Pages: 21-34

Article

DOI: 10.1257/jep.27.3.21

SO-VID: f136ec15-ce0d-45ed-ba04-67215cb4d9d6

History

Data availability:

Comments

Comment on this article

scite_

Cited by 36

See all cited by

Most referenced authors 88

See all reference authors

Defending the One Percent

Read this article at

Abstract

Related collections

ScienceOpen Research

Most cited references 8

Income Inequality in the United States, 1913-1998

Why Has CEO Pay Increased So Much?*

The Promises and Pitfalls of Genoeconomics*

Author and article information

Journal

Article

History

Comments

Comment on this article

Similar content 1,831

Cited by 36

Most referenced authors 88