The altruistic rich? Inequality and other-regarding preferences for redistribution
What determines support among individuals for redistributive policies? Do individuals care about others when they assess the consequences of redistribution? This paper proposes a model of other-regarding preferences for redistribution, which we term income-dependent altruism. Our model predicts that...
| Main Authors: | , , |
|---|---|
| Format: | Journal article |
| Language: | English |
| Published: |
Now Publishers
2017
|
| _version_ | 1826306911412158464 |
|---|---|
| author | Dimick, M Rueda, D Stegmueller, D |
| author_facet | Dimick, M Rueda, D Stegmueller, D |
| author_sort | Dimick, M |
| collection | OXFORD |
| description | What determines support among individuals for redistributive policies? Do individuals care about others when they assess the consequences of redistribution? This paper proposes a model of other-regarding preferences for redistribution, which we term income-dependent altruism. Our model predicts that an individual’s preferred level of redistribution is decreasing in income, increasing in inequality, and, more importantly, that the inequality effect is increasing in income. Thus, even though the rich prefer less redistribution than the poor, the rich are more responsive, in a positive way, to changes in inequality than are the poor. We contrast these results with several other prominent alternatives of other-regarding behavior. Using data for the US from 1978 to 2010, we find significant support for our claims. |
| first_indexed | 2024-03-07T06:55:05Z |
| format | Journal article |
| id | oxford-uuid:fde05ae4-eb77-4787-8879-91f4bc3f4c21 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T06:55:05Z |
| publishDate | 2017 |
| publisher | Now Publishers |
| record_format | dspace |
| spelling | oxford-uuid:fde05ae4-eb77-4787-8879-91f4bc3f4c212022-03-27T13:32:04ZThe altruistic rich? Inequality and other-regarding preferences for redistributionJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:fde05ae4-eb77-4787-8879-91f4bc3f4c21EnglishSymplectic Elements at OxfordNow Publishers2017Dimick, MRueda, DStegmueller, DWhat determines support among individuals for redistributive policies? Do individuals care about others when they assess the consequences of redistribution? This paper proposes a model of other-regarding preferences for redistribution, which we term income-dependent altruism. Our model predicts that an individual’s preferred level of redistribution is decreasing in income, increasing in inequality, and, more importantly, that the inequality effect is increasing in income. Thus, even though the rich prefer less redistribution than the poor, the rich are more responsive, in a positive way, to changes in inequality than are the poor. We contrast these results with several other prominent alternatives of other-regarding behavior. Using data for the US from 1978 to 2010, we find significant support for our claims. |
| spellingShingle | Dimick, M Rueda, D Stegmueller, D The altruistic rich? Inequality and other-regarding preferences for redistribution |
| title | The altruistic rich? Inequality and other-regarding preferences for redistribution |
| title_full | The altruistic rich? Inequality and other-regarding preferences for redistribution |
| title_fullStr | The altruistic rich? Inequality and other-regarding preferences for redistribution |
| title_full_unstemmed | The altruistic rich? Inequality and other-regarding preferences for redistribution |
| title_short | The altruistic rich? Inequality and other-regarding preferences for redistribution |
| title_sort | altruistic rich inequality and other regarding preferences for redistribution |
| work_keys_str_mv | AT dimickm thealtruisticrichinequalityandotherregardingpreferencesforredistribution AT ruedad thealtruisticrichinequalityandotherregardingpreferencesforredistribution AT stegmuellerd thealtruisticrichinequalityandotherregardingpreferencesforredistribution AT dimickm altruisticrichinequalityandotherregardingpreferencesforredistribution AT ruedad altruisticrichinequalityandotherregardingpreferencesforredistribution AT stegmuellerd altruisticrichinequalityandotherregardingpreferencesforredistribution |