A Second Chance at Success : A Political Economy Perspective

Arawatari, Ryo; Ono, Tetsuo

アクセス数:205件（2024-04-20 22:46 集計）

固定URL: https://hdl.handle.net/11094/13456

論文情報

タイトル	A Second Chance at Success : A Political Economy Perspective
著者	NRID 1000020547335 1000020547335 著者名 Arawatari, Ryo
著者	NRID 1000050305661 1000050305661 ORCID 0000-0002-9838-828X 0000-0002-9838-828X researchmap permalink tono tono Scopus Author ID 7403947415 7403947415 著者名 Ono, Tetsuo
キーワード等	Second chance
	Political economy
	Inequality
	Upward mobility
	Intragenerational mobility
内容	* Revised: [08-04, 2008]
抄録	This paper characterizes a stationary Markov-perfect political equilibrium whereagents vote over income taxation that distorts educational investment. Agents becomerich or poor through educational investment, and the poor have a secondchance at success. The results show the following concerning the cost of a secondchance. First, when the cost is low, the economy is characterized by high levels ofupward mobility and inequality, and a low tax burden supported by the poor withprospects for upward mobility. Second, when the cost is high, there are multipleequilibria with various patterns of upward mobility, inequality and redistribution.Numerical examples show that the shift from a high-cost economy to a low-costeconomy may reduce social welfare.
出版者	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
収録物名	Discussion Papers In Economics And Business
巻(号)	08-04-Rev.
刊行年月	2008-07
言語	英語
ハンドルURL	https://hdl.handle.net/11094/13456
NCID	AA1160366X
関連情報 (references)	URI http://www2.econ.osaka-u.ac.jp/library/global/dp/0804R.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Discussion Papers In Economics And Business
最終更新日	2008-07

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Discussion Papers In Economics And Business. 2008, 08-04-Rev.
DC.title	A Second Chance at Success : A Political Economy Perspective
DC.creator	Arawatari, Ryo
DC.creator	Ono, Tetsuo
DC.publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2008-07
DC.relation' scheme='DCTERMS.URI	http://www2.econ.osaka-u.ac.jp/library/global/dp/0804R.pdf
DC.subject	Second chance
	Political economy
	Inequality
	Upward mobility
	Intragenerational mobility
DC.description	* Revised: [08-04, 2008]
DCTERMS.abstract	This paper characterizes a stationary Markov-perfect political equilibrium whereagents vote over income taxation that distorts educational investment. Agents becomerich or poor through educational investment, and the poor have a secondchance at success. The results show the following concerning the cost of a secondchance. First, when the cost is low, the economy is characterized by high levels ofupward mobility and inequality, and a low tax burden supported by the poor withprospects for upward mobility. Second, when the cost is high, there are multipleequilibria with various patterns of upward mobility, inequality and redistribution.Numerical examples show that the shift from a high-cost economy to a low-costeconomy may reduce social welfare.
citation_title	A Second Chance at Success : A Political Economy Perspective
citation_author	Arawatari, Ryo
citation_author	Ono, Tetsuo
citation_publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
citation_language	英語
citation_date	2008-07
citation_journal_title	Discussion Papers In Economics And Business
citation_volume	08-04-Rev.
citation_public_url	https://hdl.handle.net/11094/13456
citation_abstract_html_url	http://www2.econ.osaka-u.ac.jp/library/global/dp/0804R.pdf

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