When government’s economic ideology shapes income redistribution. Empirical evidence from the OECD

Juan Román-Aso, Héctor Bellido and Lorena Olmos

The Journal of Economic Inequality, 2025, vol. 23, issue 1, No 8, 177-204

Abstract: Abstract This paper studies the relationship between Government´s economic ideology and income redistribution, using a panel of OECD countries spanning the years 2004–2020. Our results point to the existence of a partisan effect, showing that taxes and transfer policies implemented by parties on the left reduce income inequality more than those of parties on the right. Other political and electoral factors (the proximity of the elections, the number of years for which the chief executive has been in office, and the presence of coalitional and minority governments) do not seem to be as relevant. We also analyze the role that the Great Recession and the globalization process have played in the relationship between Government´s economic ideology and income redistribution, finding that they have significantly altered it.

Keywords: Income redistribution; Inequality; Taxes and transfers; Austerity; Political factors (search for similar items in EconPapers)
JEL-codes: C23 H23 H30 H50 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s10888-024-09634-9

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