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Autor:innen: 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
Working Paper No. WP 2022-47
Verlag: 
Federal Reserve Bank of Chicago, Chicago, IL
Zusammenfassung: 
I describe a structural method to quantify the contribution of different elements of social choice to the level of redistribution. Estimating a DSGE model with microdata on the support for redistribution, I find that if voters disregarded their ideological views on welfare policies, redistribution in the US would increase 117%. Because ideology is a more important determinant of voting behavior than income, increasing voter turnout or capping campaign contributions would have a small effect on redistribution. Among the drivers of ideology, I find that racial animosity and distrust of the government contributes to a 80% and 44% smaller redistribution, respectively.
Schlagwörter: 
redistribution
preferences for redistribution
dynamic macro models of political-economy
JEL: 
E6
P16
H11
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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