voting, where agents vote over income redistribution. The key feature of the theory is that the future constituency of … redistributive policies depends positively on the current level of redistribution, since this affects both private investments and … both private incentives and future voting outcomes. The equilibrium features multiple steady-states, one with and one …

and benefits of redistribution through taxes, land reform or public schooling: such policies simultaneously depress …

century. We propose an explanation for these facts which is based on a dynamic political economy model where redistribution is …

“redistribution efficiency” as a socially desirable property of proposals and find that tax rules always guarantee this kind of …

Using a model of probabilistic voting, we analyse the impact of aid on the political equilibrium in the recipient …