The Evolution of Ideology, Fairness and Redistribution

Item Type Journal paper

Ideas about what is ‘fair' influence preferences for redistribution. We study the dynamic evolution of different economies in which redistributive policies, perception of fairness, inequality and growth are jointly determined. We show how including beliefs about fairness can keep two otherwise identical countries on different development paths for a very long time. We show how different initial conditions regarding how ‘fair' is the same level of inequality can lead to two permanently different steady states. We also explore how bequest taxation can be an efficient way of redistributing wealth to correct ‘unfair' past accumulation of inequality.

Authors Cozzi, Guido; Alesina, Alberto & Mantovan, Noemi
Journal or Publication Title Economic Journal
Language English
Subjects economics
HSG Classification contribution to scientific community
HSG Profile Area SoM - Responsible Corporate Competitiveness (RoCC)
Refereed Yes
Date December 2012
Publisher Wiley-Blackwell
Place of Publication Oxford
Volume 122
Number 565
Page Range 1244-1261
Number of Pages 18
ISSN 0013-0133
Publisher DOI 10.1111/j.1468-0297.2012.02541.x
Depositing User Prof. PhD Guido Cozzi
Date Deposited 12 Apr 2013 11:21
Last Modified 23 Aug 2016 11:16


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Cozzi, Guido; Alesina, Alberto & Mantovan, Noemi (2012) The Evolution of Ideology, Fairness and Redistribution. Economic Journal, 122 (565). 1244-1261. ISSN 0013-0133

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