Measuring Preferences for Income Equality and Income Mobility

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dc.contributor.authorLara E., Bernardo
dc.contributor.authorShores, Kenneth A.
dc.date.accessioned2022-11-10T21:34:40Z
dc.date.available2022-11-10T21:34:40Z
dc.date.issued2022-09-27
dc.descriptionThis article was originally published in The Review of Economics and Statistics. The version of record is available at: https://doi.org/10.1162/rest_a_01240en_US
dc.description.abstractThis paper quantifies preferences for income equality and mobility by generating statistics that are uncorrelated with beliefs and can be interpreted as marginal rates of substitution (MRS). All else constant, U.S. residents are willing to reduce average income by $2,744 to reduce the 90/10 income inequality ratio one unit and $1,228 to increase income mobility from the bottom quintile one percentage point. Democrats and Independents have similar preferences for both social variables, while Republicans have an MRS that is about two-thirds of Democrats and Independents for both income inequality and mobility.en_US
dc.description.sponsorshipBernardo Lara E. acknowledges support from FONDECYT Iniciación through Grant No 11200352.en_US
dc.identifier.citationLara E., Bernardo, and Kenneth A. Shores. “Measuring Preferences for Income Equality and Income Mobility.” The Review of Economics and Statistics, September 27, 2022, 1–45. https://doi.org/10.1162/rest_a_01240.en_US
dc.identifier.issn1530-9142
dc.identifier.urihttps://udspace.udel.edu/handle/19716/31575
dc.language.isoen_USen_US
dc.publisherThe Review of Economics and Statisticsen_US
dc.subjectincome inequalityen_US
dc.subjectincome mobilityen_US
dc.subjectsocial preferencesen_US
dc.titleMeasuring Preferences for Income Equality and Income Mobilityen_US
dc.typeArticleen_US

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