Abstract
According to Piketty (1995), supporters of left-wing parties—characterized by favoring an extensive welfare state—are more represented in low-income classes and less represented in high-income classes. This voting pattern arises because of varying individual beliefs regarding the determinants of personal economic success. Individuals who put relatively much weight on self-determined rather than exogenously determined factors invest much in effort. In addition, they are more averse to redistributive policies than those putting more weight on exogenously determined factors.
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© 2016 Springer Fachmedien Wiesbaden
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Schad, M. (2016). Conclusions. In: Intergenerational Income Mobility and Redistributive Policy. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-10465-8_11
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DOI: https://doi.org/10.1007/978-3-658-10465-8_11
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Publisher Name: Springer Gabler, Wiesbaden
Print ISBN: 978-3-658-10464-1
Online ISBN: 978-3-658-10465-8
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