haku: @author Straeten, K. Van Der / yhteensä: 2
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| Tekijä: | Laslier, J.-F. Trannoy, A. Straeten, K. Van Der |
| Otsikko: | Voting under ignorance of job skills of unemployed: the overtaxation bias |
| Lehti: | Journal of Public Economics
2003 : MAR, VOL. 87:3-4, p. 595-626 |
| Asiasana: | TAXATION UNEMPLOYMENT VOTING ANALYTICAL REVIEW |
| Kieli: | eng |
| Tiivistelmä: | Usual models on voting over basic income-flat tax schedules rest on the assumption that voters know the whole distribution of skills even if at equilibrium some individuals do not work. If individuals' productivity remains unknown until they work, it may be more convincing to assume that voters have only beliefs about the distribution of skills and that a learning process takes place. In this paper, at each period, individuals vote according to their beliefs which are updated when getting new information from the job market. The voting process converges towards some steady-state equilibrium that depends on both the true distribution of skills and the initial beliefs. |
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