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This paper investigates the major drivers of governmental redistribution. We retest the Meltzer-Richard hypothesis and account for a plethora of political, institutional, and cultural forces that influence the scope of redistribution. Extended and harmonized data on effective redistribution...
Persistent link: https://www.econbiz.de/10011292307
Since the 1970s, Chile has exhibited a highly skewed income distribution accompanied with strong fluctuations over time … 1990s, resulting from better economic and social policies in the return to democracy. Nonetheless, Chile still faces … significant challenges to improve development. There must be an active macroeconomic policy focused on the real economy. Chile …
Persistent link: https://www.econbiz.de/10009408448
Persistent link: https://www.econbiz.de/10001949052
Standard cost-benefit analysis (CBA) is insensitive to distributional concerns. A policy that improves the lives of the rich, and makes the poor yet worse off, will be approved by CBA as long as the policy’s aggregate monetized benefits are positive. Distributional weights offer an apparent...
Persistent link: https://www.econbiz.de/10014154551
The paper examines Senegal's growth performance from the perspective of its povertyreducingand distributional characteristics, and discusses policies that might help makegrowth more inclusive. The main findings are that poverty has fallen in the last two decades,but poverty reduction has slowed...
Persistent link: https://www.econbiz.de/10013072604
Cost-benefit analysis (CBA) is notoriously insensitive to distributional concerns, favoring a policy with a positive sum of monetary equivalents, even if better-off individuals are benefitted at the expense of worse-off ones. This problem is sometimes mitigated, in practice, by monetizing goods...
Persistent link: https://www.econbiz.de/10013050711
Inequality in political participation and influence has strongly increased in recent decades. In this paper, we focus on three aspects of political inequality: the increasing concentration of both political and charitable donations, the growing gap in descriptive representation, and the...
Persistent link: https://www.econbiz.de/10014345772
Persistent link: https://www.econbiz.de/10015326355
Wealthier households obtain higher returns on their investments than poorer ones. How should the tax system account for this return inequality? I study capital taxation in an economy in which return rates endogenously correlate with wealth. The leading example is a financial market, where the...
Persistent link: https://www.econbiz.de/10013233147
Persistent link: https://www.econbiz.de/10010204959