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Economic Optimism and Welfare Attitudes: The Case of East Asian Democracies

KWON, HYEOK YONG 1 Jennifer Hyunkyung Lee 2

1고려대학교
2University of Arizona

Accredited

ABSTRACT

This paper explores the determinants of preferences for social protection and redistribution among citizens in South Korea, Japan, and Taiwan. Specifically, we focus on the effect of the prospect of social mobility and optimistic expectations about future income on welfare attitudes. Our study combines the insights of Moene and Wallerstein (2001, 2003) with the impact of the expectations about future income. We argue that economic optimism about future income is negatively associated with redistribution preferences, while it is positively associated with preferences for social protection. We expect that this pattern is not dependent upon income class. Our empirical analysis, using World Values Survey Wave 6 and Asia Barometer Wave 4, finds supporting evidence .

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* References for papers published after 2023 are currently being built.

This paper was written with support from the National Research Foundation of Korea.