To read this content please select one of the options below:

Democracy and Equality Preferences

Inequality, Taxation and Intergenerational Transmission

ISBN: 978-1-78756-458-9, eISBN: 978-1-78756-457-2

Publication date: 28 December 2018


This chapter argues that in countries with well-functioning democracies most individuals should be “content” with the underlying income distribution. The authors derive this result from James Buchanan’s notion of a “fiscal constitution.” The authors test this hypothesis using data from the World Values Survey where respondents are asked whether “incomes should be more equal …, or do we need larger differences in income as incentives?” The authors’ empirical results indicate that the concentration of re-distributional preferences around the median response is positively related to the presence of a democratic voice.



Bishop, J.A. and Liu, H. (2018), "Democracy and Equality Preferences", Bishop, J.A. and Rodríguez, J.G. (Ed.) Inequality, Taxation and Intergenerational Transmission (Research on Economic Inequality, Vol. 26), Emerald Publishing Limited, Leeds, pp. 283-297.



Emerald Publishing Limited

Copyright © 2019 Emerald Publishing Limited