search query: @indexterm Incomes / total: 594
reference: 8 / 594
| Author: | Karabarbounis, L. |
| Title: | One dollar, one vote |
| Journal: | Economic Journal
2011 : JUN, VOL. 121:553 p. 621-651 |
| Index terms: | distribution of wealth OECD spending patterns incomes equality |
| Language: | eng |
| Abstract: | This paper clarifies the relationship between inequality and redistribution in a panel of advanced OECD countries. Using panel data methods that hold constant a variety of determinants of redistributive spending, a non-monotonic relationship between pre-tax-and-transfer distribution of income and redistribution is found. Relative to mean income, a more affluent rich and middle class are related to less redistribution and a richer poor class is related to more redistribution. These results are consistent with a one dollar, one vote politico-economic equilibrium: when the income of a group of citizens increases, aggregate redistributive policies tilt towards this group's most preferred policies. |
SCIMA