Preferences for Redistribution in the Land of Opportunities
AbstractThis paper explores how individual preferences for redistribution depend on future income prospects. In addition to estimating the impact of individuals' socioeconomic background and of their subjective perceptions of future mobility, we employ panel data to construct â€˜objectiveâ€™ measures of expected gains and losses from redistribution for different categories of individuals. We find that such measures have considerable explanatory power and perform better than â€˜general mobilityâ€™ indexes. We also find that preferences for redistribution respond to individual beliefs on what determines one's position in the social ladder. Ceteris paribus, people who believe that the American society offers 'equal opportunities' are more averse to redistribution.
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Bibliographic InfoPaper provided by Harvard University Department of Economics in its series Scholarly Articles with number 4552533.
Date of creation: 2005
Date of revision:
Publication status: Published in Journal of Public Economics
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- Alberto Alesina & Stephan Danninger & Massimo Rostagno, 1999.
"Redistribution Through Public Employment: The Case of Italy,"
NBER Working Papers
7387, National Bureau of Economic Research, Inc.
- Albert Alesina & Stephan Danninger & Massimo Rostagno, 2001. "Redistribution Through Public Employment: The Case of Italy," IMF Staff Papers, Palgrave Macmillan, vol. 48(3), pages 2.
- Bjorklund, Anders & Jantti, Markus, 1997. "Intergenerational Income Mobility in Sweden Compared to the United States," American Economic Review, American Economic Association, American Economic Association, vol. 87(5), pages 1009-18, December.
- Ravallion, Martin & Lokshin, Michael, 2000. "Who wants to redistribute?: The tunnel effect in 1990s Russia," Journal of Public Economics, Elsevier, Elsevier, vol. 76(1), pages 87-104, April.
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