Perceptions and preferences for redistribution

The relationship between the degree of inequality and the demand for redistribution has been a central question in political science and political economy. The famous median-voter model predicts that higher inequality, reflected in a growing gap between the income of the average and the median voter...

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Bibliographic Details
Published in:Oxford Open Economics 2024-07, Vol.3 (Supplement_1), p.i96-i100
Main Author: Stantcheva, Stefanie
Format: Article
Language:English
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Summary:The relationship between the degree of inequality and the demand for redistribution has been a central question in political science and political economy. The famous median-voter model predicts that higher inequality, reflected in a growing gap between the income of the average and the median voter, should lead to increased demand for redistribution, as policymakers cater to the median voter’s preferences. Yet data from Organisation for Economic Co-operation and Development (OECD) countries show that, despite increases in inequality in those countries, there was no corresponding increase in demand for redistribution. Part of the explanation of this puzzle lies in the realization that it is not only (or even mainly) reality but also perceptions that shape support for policy. This article will explore recent evidence, using large-scale social economics surveys and experiments, that sheds light on beliefs about inequality, social mobility, diversity and immigration, social position, and understanding of how policies work.
ISSN:2752-5074
2752-5074
DOI:10.1093/ooec/odad038