Social Mobility and Redistributive Politr.cs

@inproceedings{Piketty2011SocialMA,
  title={Social Mobility and Redistributive Politr.cs},
  author={Thomas Piketty},
  year={2011}
}
Assume agents differ in their beliefs concerning the relative importance of individual effort and social rigidities in shaping individual achievements, so that they trade off differently the social benefits of equalizing opportunities with the incentive costs of taxation (just as economists). Through their individual mobility experience they are exposed to different signals regarding these structural parameters, and in the long-run "left-wing dynasties" believing less in individual effort and… CONTINUE READING
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