In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail …: democracy does not lead to a uniform decline in post-tax inequality, but can result in changes in fiscal redistribution and …

The economics profession has made considerable progress in understanding the increase in wage inequality in the U ….S. and the UK over the past several decades, but currently lacks a consensus on why inequality did not increase, or increased … much less, in (continental) Europe over the same time period. I review the two most popular explanations for these …

role in US wage inequality. We also propose a methodology for evaluating the full general equilibrium effects of task … groups). Our quantitative evaluation based on this methodology explains how major changes in wage inequality can go hand …

automating work, fueling inequality, inefficiently pushing down wages, and failing to improve worker productivity; and damaging …

and inequality effects. I show theoretically that even when AI improves the productivity of low-skill workers in certain … tasks (without creating new tasks for them), this may increase rather than reduce inequality. Empirically, I find that AI … advances are unlikely to increase inequality as much as previous automation technologies because their impact is more equally …

Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare … entrepreneurs (thus greater inequality) increases entrepreneurial effort and hence a country's contribution to the world technology … "cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …

Is inequality harmful for economic growth? Is the underdevelopment of Latin America related to its unequal distribution … of wealth? A recently emerging consensus claims not only that economic inequality has detrimental effects on economic … growth in general, but also that differences in economic inequality across the American continent during the 19th century are …

. This enables them to reduce the amount of redistribution and public good provision in democracy. Moreover, the inefficient … inefficient state is more likely to arise when there is greater inequality between the rich and the poor, when bureaucratic rents …