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redistribution in democratic societies. An infinite-horizon theoretical model is developed, and the properties of the equilibrium tax …
Persistent link: https://www.econbiz.de/10012455921
their effort, it will chose low redistribution and low taxes. In equilibrium effort will be high, the role of luck limited …
Persistent link: https://www.econbiz.de/10012469200
The poor favor redistribution and the rich oppose it, but that is not all. Social mobility may make some of today …'s poor into tomorrow's rich and since redistributive policies do not change often, individual preferences for redistribution … should depend on the extent and the nature of social mobility. We estimate the determinants of preferences for redistribution …
Persistent link: https://www.econbiz.de/10012470457
Even relatively poor people oppose high rates of redistribution because of the anticipation that they or their children … in large-scale expropriation and highly progressive redistribution. But is it compatible with everyone -- especially the …
Persistent link: https://www.econbiz.de/10012472018
affect preferences for redistribution in France, Italy, Sweden, the U.K., and the U.S.. Americans are more optimistic than … redistribution, mostly for "equality of opportunity" policies. We find a strong political polarization. Left-wing respondents are … more pessimistic about mobility, their preferences for redistribution are correlated with their mobility perceptions, and …
Persistent link: https://www.econbiz.de/10012455653
This paper examines the sources of differences in social mobility between the U.S. and Denmark. Measured by income mobility, Denmark is a more mobile society, but not when measured by educational mobility. There are pronounced nonlinearities in income and educational mobility in both countries....
Persistent link: https://www.econbiz.de/10012456212
members choose either a risky reform or a safe alternative each period. When no redistribution is allowed the unique … equilibrium outcome is generically inefficient. When redistribution is allowed (even small amounts), there always exists an … policy experimentation is possible only with a sufficient amount of redistribution. We conclude that veto rights are more of …
Persistent link: https://www.econbiz.de/10012480686
Using California ballot proposition returns and exogenous shifts to labor demand, we provide the first large-scale causal evidence of the impact of economic conditions on policy preferences. Consistent with economic theory, we find that positive economic shocks decrease support for...
Persistent link: https://www.econbiz.de/10012464554
relative utility comparisons, support for redistribution depends not only on absolute income but on one's status relative to a …
Persistent link: https://www.econbiz.de/10012466294
James Michael Curley, a four-time mayor of Boston, used wasteful redistribution to his poor Irish constituents and …
Persistent link: https://www.econbiz.de/10012469772