Preference for Redistribution during Structural Change with Labor Mobility Frictions

Thorough structural change occurs periodically across world economies. In a parsimonious overlapping generation setup with political economy, we present a novel result: structural change not only exacerbates the rise in inequality but also strengthens the preference for redistribution. Labor mobility frictions are instrumental in this mechanism.

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Year of publication:	2022
Authors:	Makarski, Krzysztof ; Tyrowicz, Joanna
Publisher:	Bonn : Institute of Labor Economics (IZA)
Subject:	labor mobility frictions \| structural change \| redistribution

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Series:	IZA Discussion Papers ; 15613
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1820373576 [GVK] hdl:10419/267350 [Handle] RePEc:iza:izadps:dp15613 [RePEc]
Classification:	H10 - Structure and Scope of Government. General ; Z1 - Cultural Economics
Source:	EconStor

Persistent link: https://www.econbiz.de/10013470376