Risk-Aversion and Social Mobility: The Impossibility of Order-Preserving Income Redistributions

The traditional criticism notwithstanding, we show that social mobility can, in principle, explain political income redistributions. Nonetheless, the social-mobility argument for redistribution is not satisfactory, as actual transition probabilities are not consistent with order-preserving redistributions.

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Year of publication:	2000
Authors:	Danziger, Leif ; Ursprung, Heinrich
Institutions:	CESifo
Subject:	Political economy \| social mobility \| income redistribution

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 321
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005181436