Spend it like Beckham? Inequality and redistribution in the UK, 1983-2004

Georgiadis, Andreas and Manning, Alan ORCID: 0000-0002-7884-3580 (2007) Spend it like Beckham? Inequality and redistribution in the UK, 1983-2004. CEPDP (816). London School of Economics and Political Science. Centre for Economic Performance, London, UK. ISBN 9780853280446

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Abstract

A main activity of the state is to redistribute resources. Models of the political process generally predict that a rise in inequality will lead to more redistribution. This paper shows that, for the UK in the period 1983-2004, a plausibly exogenous rise in income inequality has not been associated with increased redistribution. We then explore this further using attitudinal data. We show that the demand for redistribution, having shown considerable variation over time, is at an all-time low. We argue that the decline in the demand for redistribution can mostly be accounted for by an increasing belief in the importance of incentives though changes in preferences over the distribution of income have been important in some sub-periods.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://cep.lse.ac.uk
Additional Information:	© 2007 the authors
Divisions:	Centre for Economic Performance Economics
Subjects:	H Social Sciences > HN Social history and conditions. Social problems. Social reform
JEL classification:	D - Microeconomics > D7 - Analysis of Collective Decision-Making > D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legislatures, and Voting Behavior H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H20 - General
Date Deposited:	19 Jul 2008 13:34
Last Modified:	11 Dec 2024 18:48
URI:	http://eprints.lse.ac.uk/id/eprint/19697

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