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This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective … altruistic transfers by Pareto-efficient public redistribution. The chapter is organized as follows. Section 2 presents an …
Persistent link: https://www.econbiz.de/10014023678
The relationship between income and voting is usually studied using current income. Instead, I estimate how permanent … income affects voting and to what extent voters are forward looking. A proxy for permanent income is constructed from stated … stated expectations on realized future income to compute the effect of expectations. This is then linked to voting behaviour …
Persistent link: https://www.econbiz.de/10005751345
Empirical cross-country evidence suggests that countries position themselves along a sort of Market Regulation (MR)-Social Expenditure (SE) trade-off “line”. Theoretically, it is clear that there exists a certain degree of substitutability between SE and MR, since both can provide a cushion...
Persistent link: https://www.econbiz.de/10011048910
in line with our theory. -- Redistribution ; Welfare Spending ; Information ; Income ; Voting ; Political Economics … informed than others. We develop a model where the voting mistakes resulting from low political knowledge reduce the weight of …. In US election survey data, we find that income is more important in affecting voting behavior for more informed voters …
Persistent link: https://www.econbiz.de/10009740156
Persistent link: https://www.econbiz.de/10009492567
I propose a framework in which individual political participation can take two distinct forms, voting and contributing … recognized by all agents. I then use the framework to reassess the relationship between inequality and redistribution. The model … shows that, even though each contribution has a negligible impact, the interaction between contributions and voting leads to …
Persistent link: https://www.econbiz.de/10010574319
Persistent link: https://www.econbiz.de/10014532140
Persistent link: https://www.econbiz.de/10012415897
Preventive policy measures such as bailouts often pass parliament very narrowly. We present a model of asymmetric information between politicians and voters which rationalizes this narrow parliamentary outcome. A successful preventive policy impedes the verification of its own necessity. When...
Persistent link: https://www.econbiz.de/10009580163
ask if decision makers are blamed for being pivotal if they implement an unpopular outcome in a sequential voting process …. We conduct an experimental voting game in which decision makers vote about the allocation of money between themselves and … recipients without voting rights. We measure responsibility attributions for voting decisions by eliciting the monetary …
Persistent link: https://www.econbiz.de/10010243444