Determinants of governmental redistribution: Income distribution, development levels, and the role of perceptions. Gründler, K. & Köllner, S. Volume 45 , 2017. Publication Title: Journal of Comparative Economics Issue: 4 ISSN: 10957227doi abstract bibtex We empirically investigate the relationship between income inequality and redistribution, accounting for the shape of the income distribution, different development levels, and subjective perceptions. Cross-national inequality datasets that have become available only recently allow for the assessment of the link for various sample compositions and several model specifications. Our results confirm the Meltzer-Richard hypothesis, but suggest that the relation between market inequality and redistribution is even stronger when using perceived inequality measures. The findings emphasize a decisive role of the middle class, though also approving a negative impact of top incomes. The Meltzer-Richard effect is less pronounced in developing economies with less sophisticated political rights, illustrating that it is the political channel through which higher inequality translates into more redistribution.
@book{Grundler2017,
title = {Determinants of governmental redistribution: {Income} distribution, development levels, and the role of perceptions},
volume = {45},
isbn = {4993131829250},
abstract = {We empirically investigate the relationship between income inequality and redistribution, accounting for the shape of the income distribution, different development levels, and subjective perceptions. Cross-national inequality datasets that have become available only recently allow for the assessment of the link for various sample compositions and several model specifications. Our results confirm the Meltzer-Richard hypothesis, but suggest that the relation between market inequality and redistribution is even stronger when using perceived inequality measures. The findings emphasize a decisive role of the middle class, though also approving a negative impact of top incomes. The Meltzer-Richard effect is less pronounced in developing economies with less sophisticated political rights, illustrating that it is the political channel through which higher inequality translates into more redistribution.},
author = {Gründler, Klaus and Köllner, Sebastian},
year = {2017},
doi = {10.1016/j.jce.2016.10.007},
note = {Publication Title: Journal of Comparative Economics
Issue: 4
ISSN: 10957227},
keywords = {Dynamic panel data, Inequality, Perceived inequality, Redistribution},
}
Downloads: 0
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