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AbstractThis paper examines the effect of the intensity, timing and persistence of personal history of mobility on individual support for redistribution. Using both rounds of the Life in Transition Survey, we build measures of downward mobility for about 57,000 individuals from 27 countries in Eastern Europe and Central Asia. We find that more intensive, recent and persistent downward mobility increases support for redistribution. Accounting for systematic bias in perceived mobility experience and omitted variable bias and considering alternative definitions of redistributive preferences do not alter the basic results.

AbstractThis paper provides an empirical explanation to the observed disparity in cross‐border merger and acquisition inflows to developing and developed countries over the past two decades. We show two main results. First, the disparity can be attributed to the difference in the quality of institutions between the two groups of countries. Second, the gain from reforming institutions in developing countries is smaller than that in developed countries. These findings suggest that, with the current speed of institutional reforms in some developing countries, the disparity in cross‐border merger and acquisition inflows is likely to persist.