Preferences for Income and Wealth Limits: Evidence from a Survey Experiment, 2023

This is the replication package for the paper "Preferences for Income and Wealth Limits: Evidence from a Survey Experiment", published in the European Economic Review. The paper examines public support for imposing maximum limits on top incomes and wealth using a survey-based experiment with a large sample of US and German participants (N = 3,954). In addition to a baseline treatment in which US participants indicate whether they favour or oppose limits on CEOs’ compensation across several hypothetical scenarios, the design includes between-subject treatments to estimate the causal effects of two factors on limitarian preferences: concerns about potential efficiency losses from setting compensation limits (Treatment 2) and aversion to government intervention (Treatment 3). The study also tests whether the baseline findings extend to limits on entrepreneurial wealth accumulation (Treatment 4) and whether the results generalize to a different socio-political context using a German sample (Treatment 5). The package includes the original survey data, Stata replication code, a full survey transcript with variable labels and coding, and an accompanying read-me file describing the steps required to replicate the paper’s analysis.