the social insurance system of a country can have on the supply and demand side of the labor market, and proposes options …

of inequality are used as treatments. Other determinants of the demand for redistribution, such as risk aversion and … under which some individuals that are poorer than the average optimally choose to oppose redistribution policies. The … provided the mobility process is concave in expectations, redistribution policies are expected to last for a sufficiently long …

aftermath of major wars. Motivated by this fact, we offer a theory of political transitions which focuses on the impact of … an oligarchy adopting a mass-army may voluntarily decide to promise some amount of income redistribution to its citizens …-compatible redistribution, they may cope with the moral hazard problem of the citizens-soldiers only by relinquishing political power to them …

citizens’ support for the market by guaranteeing income redistribution to inequality-averse agents. Our identification strategy …

century. We propose an explanation for these facts which is based on a dynamic political economy model where redistribution is … gradual reduction due to declining wealth inequality. A number of extensions to the basic model allow to match our theory with …

different areas of social spending when faced with heightened demand for support but, often, much reduced fiscal space? This …