Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
956777 | Journal of Economic Theory | 2013 | 23 Pages |
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 self-fulfilling expectations of agents. Given these factors, the model provides predictions of cross-country differences in inequality and mobility consistent with empirical observations.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ryo Arawatari, Tetsuo Ono,