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BEGIN:VEVENT
DTSTAMP:20260508T013310Z
DTSTART;VALUE=DATE-TIME:20210309T130000
DTEND;VALUE=DATE-TIME:20210309T140000
SUMMARY:CWIP Workshop - Victor Lavy (ÌÇÐÄTV)
TZID:Europe/London
UID:20210309-8a1785d77801a79f017802209aa802ad@warwick.ac.uk
CREATED:20210305T135009Z
DESCRIPTION:Title and abstract of the paper: Capitalism with Compassion: 
 The Effect of Introducing Market-Based Wages on Attitudes Towards Free M
 arkets and Socialism (Ran Abramitzky \, Netanel Ben-Porath \, Shahar Lah
 ad\, Victor Lavy\, Michal Palgi) Abstract - We study the effects of labo
 r market liberalization on attitudes towards free-market capitalism and 
 socialism\, exploiting a sharp reform whereby Israeli kibbutzim shifted 
 away from equal sharing into market-based wages. Our identification stra
 tegy relies on the sharp and staggered implementation of this reform in 
 different kibbutzim. We measure attitudes towards a market economy\, cap
 italism\, and socialism in surveys one of us (M. Palgi) has conducted an
 nually over the past 25 years. The reform led to increased support of fr
 ee-market policies such as full privatization and differential wages. It
  decreased support of socialist policies such as the joint ownership of 
 production means and the Marxist principle from the ability to needs. Si
 multaneously\, the reform also increased support for the safety net to s
 upport weak members through mutual assurance. These effects appear to be
  driven by an increase in living standards and work ethics that resulted
  from the reform. To study behavior associated with the attitudes we stu
 dy\, we document that the reform led to a shift in political preferences
 \, resulting in a decreased support to left-wing political parties and i
 ncreased support for center parties in national elections. Overall\, we 
 conclude that introducing market-based wages led to a shift in attitudes
  towards a market economy with compassion\, revealing a change from thei
 r traditional democratic socialist model to a social democratic model.
LOCATION:via Microsoft Teams
CATEGORIES:CWIP Workshop
LAST-MODIFIED:20210305T135009Z
ORGANIZER;CN=Gill Gudger:
END:VEVENT
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