The Influence of Billionaires in Higher Education

When we talk about policy choices around redistribution there is an assumption so obvious that most people never question it. That politicians are more responsive to the desires of the rich, and that policy preferences of the poor don’t hold as much sway. But what if that assumption was wrong?

In a recent paper by Boston University Economist Raymond Fisman titled “Whose Preference Matter For Redistribution: Cross-Country Evidence” uses cross-sectional data from 93 countries to see how much a government redistributes lines up with how much redistribution citizens of different socioeconomic statuses actually want. The findings are surprising.