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this phenomenon for international differences in political ideology, levels of redistribution, labor supply, aggregate … concerning "money" (consumption) and happiness, as well as religion …
Persistent link: https://www.econbiz.de/10014066699
This paper develops a joint theory of ideology and redistributive policy to account for the striking divergence found …
Persistent link: https://www.econbiz.de/10005090916
This study used the most recent World Values Survey dataset to determine whether Christian and Muslim views on the acceptability of taxing the rich and subsidizing the poor was an essential feature of democracy. The sample size included more than 23,000 individuals from more than 50 countries....
Persistent link: https://www.econbiz.de/10014033077
remain obstinately blind to them, embracing a statist ideology and voting for an excessively large government. Conversely, an …-faire ideology and blind faith in the invisible hand. With public-sector capital, this interplay of beliefs and institutions leads to …
Persistent link: https://www.econbiz.de/10005763921
remain obstinately blind to them, embracing a statist ideology and voting for an excessively large government. Conversely, an …-faire ideology and blind faith in the invisible hand. With public-sector capital, this interplay of beliefs and institutions leads to …
Persistent link: https://www.econbiz.de/10005662410
, inequality and growth are jointly determined. We show how including fairness explains various observed relationship between … inequality, redistribution and growth. We also show how different beliefs about fairness can keep two otherwise identical …
Persistent link: https://www.econbiz.de/10005029382
This paper studies how heterogeneity in income dynamics affects the POUM hypothesis (the idea that poor people do not support high level of redistribution because they hope to be rich in the future). We consider a setting where individuals evaluate their expected future income using both their...
Persistent link: https://www.econbiz.de/10010293407
We study the determinants of the (steady-state) POUM effect in a model where the individuals evaluate their expected future income using both their current income and observable characteristics such as education, race or gender.
Persistent link: https://www.econbiz.de/10010572255
This paper studies how heterogeneity in income dynamics affects the POUM hypothesis (the idea that poor people do not support high level of redistribution because they hope to be rich in the future). We consider a setting where individuals evaluate their expected future income using both their...
Persistent link: https://www.econbiz.de/10005432663
Even relatively poor people oppose high rates of redistribution because of the anticipation that they, or their children, may move up the income ladder. This ‘Prospect of Upward Mobility’ (POUM) hypothesis is commonly advanced to explain why democracies do not engage in large-scale...
Persistent link: https://www.econbiz.de/10005662178