This paper focuses on how education costs affect the political determination of redistribution policy via individual …

downward mobility, it attains a unique equilibrium where unskilled, low-income agents support a low redistribution because of …

agents support a low, rather than a high, redistribution when the economy is featured by a high opportunity of upward … are low: one is an unskilled-majority equilibrium supporting high redistribution and the other is a skilled …-majority equilibrium supporting low redistribution. Which equilibrium arises depends on the expectations of agents. The paper gives a …

mobility levels and redistribution policies. We develop a politico-economic model that integrates occupational mobility … affected by individual educational investments with voting on redistribution policies. It is shown that a rigid labor market … will tend to produce multiple equilibria: a poor-majority equilibrium with lower mobility and higher redistribution and a …

This paper presents a politico-economic model including a mutual link between earnings mobility and redistribution … mobility and higher redistribution and a rich-majority equilibrium with higher mobility and lower redistribution. In contrast …, a high-risk economy produces a unique, poor-majority equilibrium with high mobility and low redistribution, which …