Inequality and the politics of redistribution

被引:0
作者
Tetsuo Ono
机构
[1] Osaka University,Graduate School of Economics
来源
International Tax and Public Finance | 2016年 / 23卷
关键词
Public education; Political economy; Inequality; D72; D91; I24;
D O I
暂无
中图分类号
学科分类号
摘要
This study analyzes the political economy of public education and in-cash transfer with an overlapping-generations model that features a two-class society. In this model, the dynamics of inequality are driven by the accumulation of human capital. The two redistributive policies are determined by voting, while private education, which supplements public education, is purchased individually. The model, which includes two-dimensional voting, yields the following two types of stable, steady-state equilibria: a high-inequality equilibrium with government expenditures favoring lump-sum transfers or a low-inequality equilibrium with such expenditures favoring public education.
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页码:191 / 217
页数:26
相关论文
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