Showing 1 - 10 of 9,211
We propose a simple informational theory to explain why autocratic regimes introduce local elections. Because citizens …
Persistent link: https://www.econbiz.de/10012453681
A majority of the world democracies are far from the benchmark of representative democracy. This paper presents a model …
Persistent link: https://www.econbiz.de/10012458113
institutions also shape the course of technology; thus, a world-wide shift in the technology frontier results in different …
Persistent link: https://www.econbiz.de/10012468322
This paper aims to explain the significant variations in the social contract observed across nations. It shows how countries with similar technologies and preferences, as well as equally democratic political systems, can sustain very different average and marginal tax rates. Similarly, it...
Persistent link: https://www.econbiz.de/10012473265
We develop a dynamic political-economic theory of welfare state and immigration policies, featuring three distinct …
Persistent link: https://www.econbiz.de/10012457860
We study the effects of immigration on native welfare in a general equilibrium model featuring two skill types, search frictions, wage bargaining, and a redistributive welfare state. Our quantitative analysis suggests that, in all 20 countries studied, immigration attenuates the effects of...
Persistent link: https://www.econbiz.de/10012458533
politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … features of political candidates at the municipal level. In accordance with the predictions of the theory, we find that larger …
Persistent link: https://www.econbiz.de/10012462947
In recent years, analysts and policy makers alike have been evaluating the nexus between exchange rates and macroeconomic stability. Among the most important questions is why have some countries adopted rigid, including fixed, exchange-rate paper addresses this question from a political economy...
Persistent link: https://www.econbiz.de/10012473078
In this paper we analyze empirically the most important implications of two family political economy models of inflation: the "myopic? government approach and the "weak" government approach. In myopic government models inflation is the deliberate outcome of politicians strategic behavior, while...
Persistent link: https://www.econbiz.de/10012475286
puzzle in standard economic models. To study this phenomenon, we propose a positive theory of IEAs in which the political … (might not be implemented in full). The theory also provides a new perspective for understanding investments in green …
Persistent link: https://www.econbiz.de/10012455712