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- Title
Social mobility and redistributive politics.
- Authors
Piketty, Thomas
- Abstract
Just like economists, voters have conflicting views about redistributive taxation because they estimate its incentive costs differently We model rational agents as trying to learn from their dynastic income mobility experience the relative importance of effort and predetermined factors in the generation of income inequality and therefore the magnitude of these incentive costs In the long run, "left-wing dynasties" believing less in individual effort arid voting for more redistribution coexist with "right-wing dynasties " This allows us to explain why individual mobility experience and not only current income matters for political attitudes and how persistent differences in perceptions about social mobility can generate persistent differences in redistribution across countries.
- Subjects
SOCIAL mobility; POLITICAL science; INCOME redistribution; POLITICAL attitudes; INCOME inequality; SOCIOLOGY
- Publication
Quarterly Journal of Economics, 1995, Vol 110, Issue 3, p551
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/2946692