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Modelling Heterogeneous Preferences for Income Redistribution : an Application of Continuous and Discrete Distributions

Title data

Pfarr, Christian ; Schmid, Andreas ; Mørkbak, Morten Raun:
Modelling Heterogeneous Preferences for Income Redistribution : an Application of Continuous and Discrete Distributions.
In: Review of Income and Wealth. Vol. 64 (June 2018) Issue 2 . - pp. 270-295.
ISSN 1475-4991
DOI: https://doi.org/10.1111/roiw.12282

Abstract in another language

This paper investigates observable and unobservable heterogeneity in individuals’ preferences for redistribution—differentiating the desired overall volume of redistribution and who should receive benefits, subsidies, or transfers. We use data from a discrete choice experiment (DCE) conducted in the field and based on a representative sample of the German voting-age population. Applying random parameters and latent class models, our results show that latent and potentially discontinuously distributed factors must be accounted for, as they heavily impact the interpretation of the findings. We find considerable heterogeneity in redistribution preferences, clearly identifying three distinct subgroups. While all groups are in favor of redistribution, they differ regarding the preferred allocation of the redistributive budget.

Further data

Item Type: Article in a journal
Refereed: Yes
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Juniorprofessur Gesundheitsmanagement > Juniorprofessur Gesundheitsmanagement - Juniorprof. Dr. Andreas Schmid
Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics III
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Juniorprofessur Gesundheitsmanagement
Faculties > Faculty of Law, Business and Economics > Department of Economics
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 24 Feb 2017 08:34
Last Modified: 04 Jun 2018 11:54
URI: https://eref.uni-bayreuth.de/id/eprint/36182