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Abstract:

Public Economics Programme Discussion Paper
Do We Value Mobility?
Yoram Amiel, Michele Bernasconi, Michele Bernasconi, Frank A Cowell, Valentino Dardanoni and Valentino Dardanoni April 2013
Paper No' PEP 17:
Full Paper (pdf)

Is there a trade-off between people's preference for income equality and income mobility? Testing for the existence of such a trade-off is difficult because mobility is a multifaceted concept. We analyse results from a questionnaire experiment based on simple precise concepts of income inequality and income mobility. We fnd no direct trade-off in preference between mobility and equality, but an indirect trade-off, applying when more income mobility can only be obtained at the expense of some income inequality. Mobility preference - but not equality preference - appears to be driven by personal experience of mobility.