Income Inequality and Social Preferences for Redistribution and 1 Compensation Differentials
نویسندگان
چکیده
4 Countries with greater inequality typically exhibit less support for redistribution and greater 5 acceptance of inequality (e.g., US versus Western Europe). If individual nations evolve along this 6 pattern, a vicious cycle could form with reduced social concern amplifying primal increases in 7 inequality. Exploring movements around these long-term levels, however, this study finds mixed 8 evidence regarding the vicious cycle hypothesis. Larger compensation differentials are accepted 9 as inequality grows. Weighing against this, growth in inequality is met with greater support for 10 government-led redistribution. Inequality shocks can be reinforced in the labor market but do not 11 result in weaker political preferences for redistribution. 12
منابع مشابه
Income Inequality and Social Preferences for Redistribution and Compensation Di¤erentials
In cross-sectional studies, countries with greater income inequality typically exhibit less support for government-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve along this pattern, a vicious cycle could form with reduced social concern amplifying primal increases in inequality due to forces like skill-biase...
متن کاملThe Inequality Deflator: *Interpersonal Comparisons without a Social Welfare Function
This paper develops a tractable method for resolving the equity-efficiency tradeoff that modifies the Kaldor-Hicks compensation principle to account for the distortionary cost of redistribution. Weighting measures of individual surplus by the inequality deflator corresponds to searching for local Pareto improvements by making transfers through the income tax schedule. Empirical evidence consist...
متن کاملAmericans’ Social Policy Preferences in the Era of Rising Inequality
Rising income inequality has been a defining trend of the past generation, yet we know little about its impact on social policy formation. We evaluate two dominant views about public opinion on rising inequality: that Americans do not care much about inequality of outcomes, and that a rise in inequality will lead to an increase in demand for government redistribution. Using time series data on ...
متن کاملDeviations from Pocketbook Voting in Income Redistribution: Evidence and Implications∗
This paper empirically investigates to what extent individuals vote with their pocketbooks in income redistribution. Survey data on preferences for redistribution show significant deviations from pocketbook voting in the poorest and the richest income groups. Differences in income status, education status, and other factors related to perceived social mobility cannot fully explain cross-country...
متن کاملErratum to: The role of subjective beliefs in preferences for redistribution
We investigate whether beliefs about the income distribution are associated with political positions for or against redistribution. Using a novel elicitation method, we assess individuals’ beliefs about the shape of the income distribution in the United States. We find that beliefs about inequality, measured in terms of income dispersion, play only a marginal role in political positions as well...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2014