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This paper studies how society votes on the payroll taxes of a basic income and a social health insurance scheme. Individuals differ along the two most important dimensions when it comes to the design of the two welfare schemes, namely, income and risk. Even though the introduction of a basic...
Persistent link: https://www.econbiz.de/10010948856
Leaders compensate supporters not just for performing their duties but also in order to preempt an overthrow by the same supporters. We show how succession rules affect the power of leaders relative to supporters as well as the resources expended on possible succession struggles. We compare two...
Persistent link: https://www.econbiz.de/10005765872
We find evidence in the OECD cross-country data to support the Knightian view that non-diversifiable economic risks …
Persistent link: https://www.econbiz.de/10005416460