A Political Economy Model of Earnings Mobility and Redistribution Policy

A Political Economy Model of Earnings Mobility and Redistribution Policy
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收入流动性与再分配政策的政治经济学模型

DOI:
10.1111/jpet.12112
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发表时间:
2015
影响因子:
1.1
通讯作者:
Tetsuo Ono
Tetsuo Ono
中科院分区:
经济学3区
文献类型:
--
作者:
Ryo Arawatari;Tetsuo Ono

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本文提出了一个政治经济模型,其中包括生命周期的收入流动性和再分配政治之间的相互联系。该模型表明,当一个经济体具有向上流动的高机会和向下流动的高风险时,它会达到一个独特的均衡,即低技能,低收入的代理人支持低再分配,因为希望在未来向上流动。相反,当流动机会和风险较低时,经济会达到多重均衡:一个是由低流动性定义的非熟练多数均衡,另一个是由高流动性定义的熟练多数均衡。本文从流动性的角度比较了政治均衡与社会计划者分配的差异,指出技术多数均衡实现了接近最优的流动性。
This paper presents a politico-economic model that includes a mutual link between life cycle earnings mobility and redistributive politics. The model demonstrates that when an economy features a high opportunity of upward mobility and high risk of downward mobility, it attains a unique equilibrium where unskilled, low-income agents support a low redistribution because of the hope of upward mobility in future. In contrast, the economy attains multiple equilibria when mobility opportunity and risk are low: one is an unskilled-majority equilibrium defined by low mobility and the other is a skilled-majority equilibrium defined by high mobility. The paper gives a comparison between the political equilibrium and the social planner's allocation in terms of mobility, and shows that the skilled-majority equilibrium realizes mobility close to the optimal one.
DOI: 10.2307/2073705
发表时间: 1990
期刊: --
影响因子: --
作者:
G. Esping-Andersen
通讯作者: G. Esping-Andersen
第二次成功的机会:政治经济学的视角
DOI: --
发表时间: 2009
期刊: Journal of Economic Theory (印刷中)
影响因子: --
作者:
Ryo Arawatari;Tetsuo Ono
通讯作者: Tetsuo Ono
不平等、流动性和再分配政治
DOI: --
发表时间: 2010
期刊:
影响因子: --
作者:
Miyakawa T.;Winslow C.;宮川健;宮川健;小塚真啓;荒渡良
通讯作者: 荒渡良
DOI: 10.2307/2946692
发表时间: 1995-08
影响因子: 13.7
作者:
T. Piketty
通讯作者: T. Piketty