|
EconStor >
Verein für Socialpolitik >
Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): 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  |
| 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 (Kiel): Ökonomie der Familie
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
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.
|