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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 … suggesting that inequality tends to increase after democratization when the economy has already undergone significant structural …
Persistent link: https://www.econbiz.de/10012458917
means to protect the economic interests of the once ruling elite. Under "democratic federalism" the constitution creates an … annual policy game where the new majority and the elite each control one policy instrument of importance to the other. The … game has a stable, stationary equilibrium that the elite may prefer to autocratic rule. We apply our analysis to South …
Persistent link: https://www.econbiz.de/10012464914
The distribution of human capital and income lies at the center of a nexus of forces that shape a country's economic, institutional and technological structure. I develop here a unified model to analyze these interactions and their growth consequences. Five main issues are addressed. First, I...
Persistent link: https://www.econbiz.de/10012468322
their effort, it will chose low redistribution and low taxes. In equilibrium effort will be high, the role of luck limited …
Persistent link: https://www.econbiz.de/10012469200
This paper develops a politico-economic model for use in studying the role of intra-elite conflict in the simultaneous … determination of a country's political regime, trade policy and income-tax-based redistribution scheme. Three socioeconomic groups … are involved: two elite groups and workers, whose preferences regarding trade policy and income taxation are derived from …
Persistent link: https://www.econbiz.de/10012459340
and then falls for higher income quintiles, consistent with median voter political economy theory and what Stigler called … redistribution and a modest effect of two year led inequality …
Persistent link: https://www.econbiz.de/10014544770
The relationship between the degree of inequality and the demand for redistribution has been a central question in … gap between the income of the average and the median voter, should lead to increased demand for redistribution, as … demand for redistribution. Part of the explanation of this puzzle lies in the realization that it is not only (or even mainly …
Persistent link: https://www.econbiz.de/10012660048
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
any role for redistribution or representation of voters, but solely based on interactions among the ruling elites. This …
Persistent link: https://www.econbiz.de/10012458113
Even relatively poor people oppose high rates of redistribution because of the anticipation that they or their children … in large-scale expropriation and highly progressive redistribution. But is it compatible with everyone -- especially the …
Persistent link: https://www.econbiz.de/10012472018