タイトル(掲載誌)Discussion Papers In Economics And Business
一般注記* Revised: The Political Economy of Earnings Mobility and Redistribution Policy [08-18, 2008]
* Revised:The Political Economy of Occupational Mobility and Redistribution Policy [08-18-Rev., 2009]
* Revised: [08-18-Rev.2, 2010]
* Revised: [08-18-Rev.3, 2011]
This paper presents a politico-economic model that includes a mutual link between life cycle earnings mobility and redistributive politics. The model demonstrates that when an economy features a high opportunity of upward mobility and high risk of downward mobility, it attains a unique equilibrium where unskilled, low-income agents support a low redistribution because of the hope of upward mobility in future. In contrast, the economy attains multiple equilibria when mobility opportunity and risk are low: one is an unskilled-majority equilibrium defined by low mobility and the other is a skilled-majority equilibrium defined by high mobility. The paper gives a comparison between the political equilibrium and the social planner’s allocation in terms of mobility, and shows that the skilled-majority equilibrium realizes mobility close to the optimal one.
連携機関・データベース国立情報学研究所 : 学術機関リポジトリデータベース(IRDB)(機関リポジトリ)