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. …

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 …

costs and benefits of redistribution are generally of the same order of magnitude, resulting in reasonable values for the …

in the population who interacts with a (richer) agenda setter in Congress in setting redistribution. While the setter … managed to cap redistribution in the pre-war period, the War itself pushed up the status-quo tax burden, raising the … bargaining power of the median voter as defense spending receded. This raised the equilibrium level of redistribution. The higher …