Risk-Aversion and Social Mobility: The Impossibility of Order-Preserving Income Redistributions

The traditional criticism notwithstanding, we show that social mobility can, in principle, explain political income redistributions. Nonetheless, the social-mobility argument for redistribution is not satisfactory, as actual transition probabilities are not consistent with order-preserving redistributions.

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Year of publication:	2000
Authors:	Danziger, Leif ; Ursprung, Heinrich
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	Political economy \| social mobility \| income redistribution

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Series:	CESifo Working Paper ; 321
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	757219705 [GVK] hdl:10419/75582 [Handle] RePec:ces:ceswps:_321 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010314944