“…College-educated voters have become more liberal on economic issues, aligning their economic preferences with their cultural preferences. This trend is inconsistent with standard models of redistribution (Meltzer and Richard, 1983), but is consistent with other political economy arguments focusing on insurance motivations for public spending (Moene and Wallerstein, 2001), a desire to avoid negative externalities associated with inequality (Rueda and Stegmueller, 2016), and the interplay between informal social insti-tutions and economic migration (Marble and Lim, 2023). It is also consistent with a smaller public opinion literature documenting liberal economic views among the economically well-off (Gilens and Thal, 2017;Broockman, Ferenstein and Malhotra, 2019).…”