000			02456cam a22003497 4500
001			w22759
003			NBER
005			20211020105122.0
006			m o d
007			cr cnu||||||||
008			210910s2016 mau fo 000 0 eng d
100	1		_aAgranov, Marina.
245	1	4	_aThe Effects of Income Mobility and Tax Persistence on Income Redistribution and Inequality / _cMarina Agranov, Thomas R. Palfrey.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2016.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w22759
500			_aOctober 2016.
520	3		_aWe explore the effect of income mobility and the persistence of redistributive tax policy on the level of redistribution in democratic societies. An infinite-horizon theoretical model is developed, and the properties of the equilibrium tax rate and the degree of after-tax inequality are characterized. Mobility and stickiness of tax policy are both negatively related to the equilibrium tax rate. However, neither is sufficient by itself. Social mobility has no effect on equilibrium taxes if tax policy is voted on in every period, and tax persistence has no effect in the absence of social mobility. The two forces are complementary. Tax persistence leads to higher levels of post-tax inequality, for any amount of mobility. The effect of mobility on inequality is less clear-cut and depends on the degree of tax persistence. A laboratory experiment is conducted to test the main comparative static predictions of the theory, and the results are generally supportive.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aC92 - Laboratory, Group Behavior _2Journal of Economic Literature class.
690		7	_aD3 - Distribution _2Journal of Economic Literature class.
690		7	_aH2 - Taxation, Subsidies, and Revenue _2Journal of Economic Literature class.
700	1		_aPalfrey, Thomas R.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w22759.
856	4	0	_uhttps://www.nber.org/papers/w22759
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w22759
942			_2ddc _cW-PAPER
999			_c325363 _d283925