Inequality, mobility and redistributive politics

Ryo Arawatari and Tetsuo Ono

Journal of Economic Theory, 2013, vol. 148, issue 1, 353-375

Abstract: 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.

Keywords: Inequality; Intergenerational mobility; Redistribution; Markov-perfect political equilibrium; Overlapping generations (search for similar items in EconPapers)
JEL-codes: D70 H20 H55 I38 J62 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (12)

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Related works:
Working Paper: Inequality, Mobility and Redistributive Politics (2010)
Working Paper: Inequality, Mobility and Redistributive Politics (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:148:y:2013:i:1:p:353-375

DOI: 10.1016/j.jet.2012.12.010

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