Working Paper
A Note on Aggregating Preferences for Redistribution
Abstract: The policy predictions of standard heterogeneous agent macroeconomic models are often at odds with observed policies. We use the 2021 General Social Survey to investigate the drivers of individuals' preferences over taxes and redistribution. We find that these preferences are more strongly associated with political identity than with economic status. We discuss the implications for quantitative macroeconomic models with endogenous policy determination.
JEL Classification: E62; D72; H20;
https://doi.org/10.26509/frbc-wp-202427
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers
Publication Date: 2024-11-25
Number: 24-27