BUSINESS

The Lottery Mentality: Rising Income Inequality In America

03/22/2011 05:32 pm ET | Updated May 25, 2011

Americans actually live in Russia, although they think they live in Sweden. And they would like to live on a kibbutz. This isn't the set-up for some sort of politically incorrect Catskills stand-up joke circa 1960. It is the takeaway from a remarkable study by Michael Norton and Dan Ariely on how Americans think about income inequality.

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