The importance of the future when deciding levels of personal responsibility and demand for redistribution

Sergio Beraldo, Massimiliano Piacenza, Gilberto Turati

Risultato della ricerca: Contributo in rivistaArticolo in rivista

Abstract

We experimentally investigate the link between individuals' value on future incomes and their support for redistributive policies today. The investigation identifies time preferences as a key driver of redistributive pol-icies via their effect on personal responsibility, defined as costly but productive effort. The investigation also accounts for the strategic interplay between individuals in the choice of effort, identifying two key strategies: either exercise more effort and ask for less redistribution or free ride on others' efforts, asking for more redis-tribution. We find that individuals oriented toward the future tend to invest more and ask for less redistribution. We discuss the policy implications of this result.
Lingua originaleEnglish
pagine (da-a)1-14
Numero di pagine14
RivistaEconomic Modelling
Volume116
DOI
Stato di pubblicazionePubblicato - 2022

Keywords

  • Income redistribution
  • Intertemporal preferences
  • Personal responsibility
  • Proportional income tax

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