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Overconfident and underconcerned: Behavioral biases in redistribution attitudes

Yuyan Wang et al.

China Economic Quarterly International2025https://doi.org/10.1016/j.ceqi.2025.05.001article
ABDC C
Weight
0.50

What the paper says

This study examines how overconfidence shapes individuals' preference for redistribution. We contend that overconfidence inflates individuals' income expectations, which reduces the perceived benefits of redistribution for these individuals and thereby weakens their preference for such policies. Using data from the 2014 China Family Panel Studies, we find that overconfident individuals are more confident in their future life and exhibit less concerns for economic inequality, healthcare, and social security issues—key proxies for preference for redistribution. These results are more pronounced among less wealthy individuals. In addition, our results remain unchanged after controlling for individuals' trust in government and risk preference. These findings highlight the role of biased belief in shaping individuals’ attitude toward redistribution, offering new insights for discussions on redistributive policies.

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https://doi.org/https://doi.org/10.1016/j.ceqi.2025.05.001

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@article{yuyan2025,
  title        = {{Overconfident and underconcerned: Behavioral biases in redistribution attitudes}},
  author       = {Yuyan Wang et al.},
  journal      = {China Economic Quarterly International},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1016/j.ceqi.2025.05.001},
}

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Overconfident and underconcerned: Behavioral biases in redistribution attitudes

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.