Inequality, mobility and redistributive politics

• 成果类型: Article
• 署名作者: Arawataria, Ryo; Ono, Tetsuo
• 署名单位: Nagoya University; University of Osaka
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2012.12.010
• 发表日期: 2013
• 页码: 353-375
• 关键词: inequality; intergenerational mobility; redistribution; Markov-perfect political equilibrium; overlapping generations

摘要

This paper develops a model where income inequality and intergenerational mobility are jointly determined via redistributive politics. The model includes two key factors: accessibility of tertiary education for poor-born agents and multiple self-fulfilling expectations of agents. Given these factors, the model provides predictions of cross-country differences in inequality and mobility consistent with empirical observations. (C) 2012 Elsevier Inc. All rights reserved.