Authors:

  • William Kerr

Excerpt

Income Inequality and Social Preferences for Redistribution and Compensation Differentials. William R. Kerr, 2014, Paper. "In cross-sectional studies, countries with greater income inequality typically exhibit less support for government-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve along this pattern, a vicious cycle could form with reduced social concern amplifying primal increases in inequality due to forces like skill-biased technical change. Exploring movements around these long-term levels, however, this study finds..." Link