Alberto Alesina, Guido Cozziy, and Noemi Mantovanz
August 8, 2009
Abstract
Ideas about what is "fair" above and beyond the individuals’position in the income ladder determine preferences for redistribution. We study the dynamic evolution of di¤erent economies in which redistributive policies, perception of fairness, inequality and growth are jointly determined.
We show how including fairness explains various observed relationship between inequality, redistribution and growth. We also show how different beliefs about fairness can keep two otherwise identical countries in diferent development paths for a very long time./.../
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