Inequality, Mobility and Redistributive Politics

Ryo Arawatari and Tetsuo Ono

No 09-12, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: This paper develops a model where income inequality and intergenerational mobility are jointly determined via redistributive politics. The model includes two key factors: accessibility of tertiary education for poor-born agents and multiple, selffulfilling expectations of agents. Given these factors, the model provides predictions of cross-country differences in inequality and mobility consistent with empirical observations. The model also demonstrates the dynamic motion of inequality and mobility as influenced by changes in the expectations of agents.

Keywords: Inequality; Intergenerational mobility; Redistribution; Markov perfect political equilibrium; Overlapping generations (search for similar items in EconPapers)
JEL-codes: D70 H55 I38 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2009-04
New Economics Papers: this item is included in nep-dge, nep-pol and nep-pub
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Related works:
Journal Article: Inequality, mobility and redistributive politics (2013)
Working Paper: Inequality, Mobility and Redistributive Politics (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:0912

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