Our research reveals that people all over the world prefer less inequality – in wealth, health, and income. For example, Americans report an ideal CEO-to-worker pay ratio of 7:1 while the actual ratio is more than 300:1, and consumers prefer to buy from firms with lower pay ratios. Increasing awareness of current inequality shifts preferences toward policies that reduce it.

Michael I. Norton is the Harold M. Brierley Professor of Business Administration at the Harvard Business School. He has studied...

A Conversation with Tawakkol Karman
2011 Nobel Peace Laureate and Hauser...

Title: Behavioral Economics at The Federal Reserve

While application of behavioral economics to individual decision making, such as helping people save for retirement and taking the flu shot is well known, it is less clear how behavioral economics can help policy at the Federal Reserve. In this talk Anat Bracha, a senior and...