Measuring Preferences for Income Equality and Income Mobility

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Author(s)Lara E., Bernardo
Author(s)Shores, Kenneth A.
Date Accessioned2022-11-10T21:34:40Z
Date Available2022-11-10T21:34:40Z
Publication Date2022-09-27
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
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
SponsorBernardo Lara E. acknowledges support from FONDECYT Iniciación through Grant No 11200352.en_US
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
ISSN1530-9142
URLhttps://udspace.udel.edu/handle/19716/31575
Languageen_USen_US
PublisherThe Review of Economics and Statisticsen_US
Keywordsincome inequalityen_US
Keywordsincome mobilityen_US
Keywordssocial preferencesen_US
TitleMeasuring Preferences for Income Equality and Income Mobilityen_US
TypeArticleen_US
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