EconStor >
Verein für Socialpolitik >
Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/37501
  
Title:Imperfect Information and the Meltzer-Richard Hypothesis PDF Logo
Authors:Bredemeier, Christian
Issue Date:2010
Series/Report no.:Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Distribution and Redistribution F14-V1
Abstract:Standard models of voting on redistribution generate a clear-cut prediction: redistribution increases in income skewness. (the Meltzer-Richard hypothesis) Empirical evidence on this issue is mixed. Changes in income skewness are often accompanied by developments in redistribution into the opposite direction. This paper argues that it is important to distinguish between sources of changes in income skewness, polarization and upward mobility which both have the same impact on income skewness. In a model with imperfect information, these developments affect redistribution in different ways. While polarization generates a positive relation between income skewness and redistribution, upward mobility can have the opposite effect.
Subjects:Voting
Redistribution
Imperfect Information
JEL:D72
H24
D83
Document Type:Conference Paper
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

Files in This Item:
File Description SizeFormat
VfS_2010_pid_1059.pdf226.42 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/37501

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.