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The Evolution of Ideology, Fairness and Redistribution

Author

Listed:
  • Alberto Alesina

    (Harvard University)

  • Guido Cozzi

    (Durham Business School)

  • Noemi Mantovan

    (Bangor University)

Abstract

Ideas about what is "fair" influence preferences for redistribution. We study the dynamic evolution of different economies in which redistributive policies, perception of fairness, inequality and growth are jointly determined. We show how including beliefs about fairness can keep two otherwise identical countries in di¤erent development paths for a very long time. We show how different initial conditions regarding how "fair" is the same level of inequality can lead to two permanently different steady states. We also explore how bequest taxation can be an efficient way of redistributing wealth to correct "unfair" past accumulation of inequality

Suggested Citation

  • Alberto Alesina & Guido Cozzi & Noemi Mantovan, 2012. "The Evolution of Ideology, Fairness and Redistribution," Department of Economics Working Papers 2012_05, Durham University, Department of Economics.
    • Handle: RePEc:dur:durham:2012_05
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    JEL classification:

    • H0 - Public Economics - - General
    • H1 - Public Economics - - Structure and Scope of Government

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