We study the implications of electoral corruption for resource allocation, factor market equilibrium and inequality. We …

Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare … entrepreneurs (thus greater inequality) increases entrepreneurial e¤ort and hence a country’s contribution to the world technology … “cutthroat”capitalism that generates greater inequality and more innovation and will become the technology leaders, while others …

curve in many Western economies during this period, with the fall in inequality following redistribution due to …

redistributive than a nondemocratic regime, and this gives the elite an incentive to mount a coup. Because inequality makes democracy … relationship between inequality and redistribution is nonmonotonic; societies with intermediate levels of inequality consolidate …