Risk aversion and social mobility: The implausibility of order-preserving income redistributions

Leif Danziger, Heinrich W. Ursprung

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

Abstract

Social mobility can, in principle, explain political income redistributions. Nonetheless, by itself the social-mobility argument for redistribution is not plausible, as actual transition probabilities are inconsistent with order-preserving redistributions.

Original languageEnglish
Pages (from-to)9-13
Number of pages5
JournalEconomics Letters
Volume74
Issue number1
DOIs
StatePublished - 20 Dec 2001
Externally publishedYes

Keywords

  • D31
  • D72
  • Income redistribution
  • Political economy
  • Social mobility

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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