Inequality and the politics of redistribution

Tetsuo Ono

International Tax and Public Finance, 2016, vol. 23, issue 2, 217 pages

Abstract: This study analyzes the political economy of public education and in-cash transfer with an overlapping-generations model that features a two-class society. In this model, the dynamics of inequality are driven by the accumulation of human capital. The two redistributive policies are determined by voting, while private education, which supplements public education, is purchased individually. The model, which includes two-dimensional voting, yields the following two types of stable, steady-state equilibria: a high-inequality equilibrium with government expenditures favoring lump-sum transfers or a low-inequality equilibrium with such expenditures favoring public education. Copyright Springer Science+Business Media New York 2016

Keywords: Public education; Political economy; Inequality; D72; D91; I24 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://hdl.handle.net/10.1007/s10797-015-9361-4 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Inequality and the Politics of Redistribution (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:itaxpf:v:23:y:2016:i:2:p:191-217

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/10797/PS2

DOI: 10.1007/s10797-015-9361-4

Access Statistics for this article

International Tax and Public Finance is currently edited by Ronald B. Davies and Kimberly Scharf

More articles in International Tax and Public Finance from Springer, International Institute of Public Finance Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().