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It is well-known that the wealthier are more likely to have Right-leaning political preferences. We here in addition consider the role of the individual's starting position, and in particular their upward social mobility relative to their parents. In 18 waves of UK panel data, both own and...
Persistent link: https://www.econbiz.de/10014311622
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/10011493939
Income mobility is often thought to equalize permanent incomes and thereby to improve social welfare. The welfare analysis of mobility often fails, however, to account for the cost of the variability of periodic incomes around permanent incomes. This paper assesses the net welfare benefit of...
Persistent link: https://www.econbiz.de/10009308021
inequality and mobility for demand for redistribution and social insurance. We model the size of two different public programs …, and the demand for redistribution crucially depend on the level of income inequality and mobility. -- redistribution …
Persistent link: https://www.econbiz.de/10009311993
individuals' preferences for redistribution. A novel survey question from the German Socio-Economic Panel Study - whether the … taxes paid by unskilled workers are too high, adequate or too low - are used to elicit attitudes toward redistribution … years. The results reveal that intergenerational mobility is significantly related to preferences for redistribution. The …
Persistent link: https://www.econbiz.de/10009665011
Persistent link: https://www.econbiz.de/10001808429
many an argument for shifting the focus from income redistribution, which is said to equalize outcomes, to equalizing … redistribution can itself improve mobility even if that is the only objective. The paper thus speaks in praise of snapshots. …
Persistent link: https://www.econbiz.de/10012146862
This paper analyzes the joint effect of EPL and financial market imperfections on investment, capital-labour substitution, labour productivity and job reallocation in a cross-country framework. In the spirit of Rajan and Zingales (1998) and Ciccone and Papaioannou (2006), we exploit variation in...
Persistent link: https://www.econbiz.de/10003832294
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level (Rawski and Perkins, 2008; Bosworth and Collins, 2008) suggest an...
Persistent link: https://www.econbiz.de/10003940472
The British Industrial Revolution triggered a reversal in the social order whereby the landed elite was replaced by industrial capitalists rising from the middle classes as the economically dominant group. Many observers have linked this transformation to the contrast in values between a...
Persistent link: https://www.econbiz.de/10003586551