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In this paper we revisit the relationship between democracy, redistribution, and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail …: democracy does not lead to a uniform decline in post-tax inequality, but can result in changes in fiscal redistribution and …
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and inequality effects. I show theoretically that even when AI improves the productivity of low-skill workers in certain … tasks (without creating new tasks for them), this may increase rather than reduce inequality. Empirically, I find that AI … advances are unlikely to increase inequality as much as previous automation technologies because their impact is more equally …
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evolution of earnings inequality is what we refer to as the canonical model, which elegantly and powerfully operationalizes the …
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