BEHAVIORAL EXPLANATION FOR REDISTRIBUTION POLICIES OF INCOME: A REVISION OF THE MODELS AND EVIDENCES
DOI:
https://doi.org/10.5902/1414650926155Keywords:
Inequality, Social Beliefs, Income RedistributionAbstract
This bibliographic revision presents the evolution of the models that explain the the different levels of income redistribution in OCDE and Latin American countries, considering the role of social beliefs of population. The theories begins with the idea of a decisive voter and majority rule, as exposed in Meltzer & Richard (1981), going through political, economic and behavioral explanations given by Alesina et al. (2001). Latter developments of Alesina & Glaeser (2004), Alesina & Angeletos (2005) and Figueiredo (2012) embrace the social belief in the role of luck as a fundamental element of the income redistribution and the perception about inequality of opportunity. It is considered that the contrasting empirical evidences foster the development of new models that incorporate social beliefs as determinants of income redistribution.
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