When government’s economic ideology shapes income redistribution. Empirical evidence from the OECD

Román-Aso, Juan A. ; Bellido, Héctor (Universidad de Zaragoza) ; Olmos, Lorena (Universidad de Zaragoza)

Resumen: This paper studies the relationship between Government´s economic ideology and income redistribution, using a panel of OECD countries spanning the years 2004–2020. Our results point to the existence of a partisan effect, showing that taxes and transfer policies implemented by parties on the left reduce income inequality more than those of parties on the right. Other political and electoral factors (the proximity of the elections, the number of years for which the chief executive has been in office, and the presence of coalitional and minority governments) do not seem to be as relevant. We also analyze the role that the Great Recession and the globalization process have played in the relationship between Government´s economic ideology and income redistribution, finding that they have significantly altered it.

Idioma: Inglés

DOI: 10.1007/s10888-024-09634-9

Año: 2024

Publicado en: JOURNAL OF ECONOMIC INEQUALITY (2024), [28 pp.]
ISSN: 1569-1721

Financiación: info:eu-repo/grantAgreement/ES/DGA/S07-23R
Financiación: info:eu-repo/grantAgreement/ES/MICINN/PID2019-108348RA-I00
Financiación: info:eu-repo/grantAgreement/ES/MICINN/PID2020-114354RA-I00

Tipo y forma: Article (Published version)

Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)