Abstract

http://ssrn.com/abstract=2463129
 


 



Biased Perceptions of Income Inequality and Redistribution


Carina Engelhardt


University of Hannover - Economics and Business Administration Area

Andreas Wagener


University of Hannover - Economics and Business Administration Area; CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Vienna University of Economics and Business Administration

June 12, 2014

CESifo Working Paper Series No. 4838

Abstract:     
When based on perceived rather than on objective income distributions, the Meltzer-Richards hypothesis and the POUM hypothesis work quite well empirically: there exists a positive link between perceived inequality or perceived upward mobility and the extent of redistribution in democratic regimes – though such a link does not exist when objective measures of inequality and social mobility are used. These observations highlight that political preferences and choices might depend more on perceptions than on factual data.

Number of Pages in PDF File: 23

Keywords: biased perception, majority voting, redistribution

JEL Classification: H530, D720, D310

working papers series


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Date posted: July 8, 2014  

Suggested Citation

Engelhardt, Carina and Wagener, Andreas, Biased Perceptions of Income Inequality and Redistribution (June 12, 2014). CESifo Working Paper Series No. 4838. Available at SSRN: http://ssrn.com/abstract=2463129

Contact Information

Carina Engelhardt
University of Hannover - Economics and Business Administration Area ( email )
Koenigsworther Platz 1
30167 Hannover
Germany
Andreas Wagener (Contact Author)
University of Hannover - Economics and Business Administration Area ( email )
Koenigsworther Platz 1
30167 Hannover
Germany
CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
Poschinger Str. 5
Munich, DE-81679
Germany
HOME PAGE: http://www.CESifo.de
Vienna University of Economics and Business Administration ( email )
Welthandelsplatz 1
Vienna, Wien 1020
Austria
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