in time. In politico-economic equilibrium, more inequality (in terms of the skewedness of the distribution) yields a …

and benefits of redistribution through taxes, land reform or public schooling: such policies simultaneously depress …’ rent-seeking abilities, as well as with the gap between rich and poor. It is not income inequality per se that matters …, however, but inequality in the relative distribution of earning and political power. For each of the three channels of …

redistribution results in more post-tax inequality. In general, optimal taxation will either imply that the redistribution paradox is … suffers from moral hazard effects. Adopting this view, the paper studies the trade-off between average income and inequality … present or that the economy operates at a point of its efficiency frontier where more inequality implies a lower average …

If redistribution is distortionary, and if the income of skilled workers is due to knowledge-intensive activities and … reduction reduces statis inefficiency. On the other hand, standard redistribution also reduces the level of R&D because it … that standard redistribution always dominates limitations to IPRs. …

the effects of two different constitutions (commitment or no commitment in tax policy), as well as income inequality …

, however, which can explain why this redistribution often takes an inefficient form. In this paper we develop a theory of why … redistribution is made inefficiently. Inefficient redistribution makes staying in or entering a group relatively more attractive than … efficient methods of redistribution. The form of redistribution is therefore a tool to sustain political power in situations …