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From Soviets to Oligarchs : Inequality and Property in Russia, 1905-2016
Novokmet, Filip - 2017
-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in Russia from the … in the United States. We also find that inequality has increased substantially more in Russia than in China and other ex …-communist countries in Eastern Europe. We relate this finding to the specific transition strategy followed in Russia. According to our …
Persistent link: https://www.econbiz.de/10012453999
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International Trade and Institutional Change : Medieval Venice's Response to Globalization
Puga, Diego - 2012
International trade can have profound effects on domestic institutions. We examine this proposition in the context of medieval Venice circa 800-1350. We show that (initially exogenous) increases in long-distance trade enriched a large group of merchants and these merchants used their new-found...
Persistent link: https://www.econbiz.de/10012460373
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The Form of Property Rights : Oligarchic vs. Democratic Societies
Acemoglu, Daron - 2003
created by entry barriers in oligarchy deteriorates over time. The typical pattern is therefore one of the rise and decline of …
Persistent link: https://www.econbiz.de/10012468659
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The Political Economy of the COVID-19 Fiscal Stimulus Packages of 2020
Aizenman, Joshua; Jinjarak, Yothin; Nguyen, Hien Thi Kim; … - National Bureau of Economic Research - 2021
Almost all countries announced fiscal support programs once COVID-19 hit. However, there was significant diversity in the magnitude and composition of these fiscal stimulus programs. These differences were determined by myriad political, financial, social, and economic factors - these factors...
Persistent link: https://www.econbiz.de/10012660038
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Bargaining over Taxes and Entitlements in the Era of Unequal Growth
Azzimonti, Marina; Karpuska, Laura; Mihalache, Gabriel - National Bureau of Economic Research - 2022
Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....
Persistent link: https://www.econbiz.de/10013210072
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Coalition Formation in Legislative Bargaining
Battaglini, Marco - 2019
We propose a new model of legislative bargaining in which coalitions have different values, reflecting the fact that the policies they can pursue are constrained by the identity of the coalition members. In the model, a formateur picks a coalition and negotiates for the allocation of the surplus...
Persistent link: https://www.econbiz.de/10012479615
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The Democracy Effect : a Weights-Based Identification Strategy
Dal Bó, Pedro - 2019
Dal Bó, Foster and Putterman (2010) show experimentally that the effect of a policy may be greater when it is democratically selected than when it is exogenously imposed. In this paper we propose a new and simpler identification strategy to measure this democracy effect. We derive the...
Persistent link: https://www.econbiz.de/10012479675
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Trade and Worker Deskilling
Costa, Rui - 2019
This paper presents new evidence on international trade and worker outcomes. It examines a big world event that produced an unprecedentedly large shock to the UK exchange rate. In the 24 hours in June 2016 during which the UK electorate unexpectedly voted to leave the European Union, the value...
Persistent link: https://www.econbiz.de/10012479869
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Economic Crisis, General Laws, and the Mid-Nineteenth-Century Transformation of American Political Economy
Lamoreaux, Naomi R. - 2020
Before the middle of the nineteenth century most laws enacted in the United States were special bills that granted favors to specific individuals, groups, or localities. This fundamentally inegalitarian system provided political elites with important tools that they could use to reward...
Persistent link: https://www.econbiz.de/10012481595
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The Trouble with Cases
Schauer, Frederick - 2009
For several decades now a debate has raged about policy-making by litigation. Spurred by the way in which tobacco, environmental, and other litigation has functioned as an alternative form of regulation, the debate asks whether policy-making or regulation by litigation is more or less socially...
Persistent link: https://www.econbiz.de/10012463372