Showing 1 - 10 of 63
Persistent link: https://www.econbiz.de/10005571911
We study a dynamic version of Meltzer and Richard's median-voter model of the size of government. Taxes are proportional to total income, and they are redistributed as equal lump-sum transfers. Voting takes place periodically over time, and each consumer votes for the tax rate that maximizes his...
Persistent link: https://www.econbiz.de/10005573402
Persistent link: https://www.econbiz.de/10005820210
We develop a theory of political transitions inspired by the experiences of Western Europe and Latin America. Nondemocratic societies are controlled by a rich elite. The initially disenfranchised poor can contest power by threatening revolution, especially when the opportunity cost is low, for...
Persistent link: https://www.econbiz.de/10005757451
Persistent link: https://www.econbiz.de/10005761542
economic and political "fundamentals" can sustain such different systems of social insurance, fiscal redistribution, and …. Conversely, with credit constraints, lower redistribution translates into more persistent inequality; hence the potential for … multiple steady states, with mutually reinforcing high inequality and low redistribution, or vice versa. …
Persistent link: https://www.econbiz.de/10005237674
The Great Migration–the massive migration of African Americans out of the rural South to largely urban locations in the North, Midwest, and West–was a landmark event in US history. Our paper shows that this migration increased mortality of African Americans born in the early twentieth...
Persistent link: https://www.econbiz.de/10011156802
In Mexico, as in most Latin American countries with indigenous populations, it is commonly believed that European phenotypes are preferred to mestizo or indigenous phenotypes. However, it is hard to test for such racial biases in the labor market using official statistics since race can only be...
Persistent link: https://www.econbiz.de/10010815544
We consider a dynamic economy in which agents are repeatedly matched and decide whether or not to form profitable partnerships. Each agent has a physical color and a social color. An agent's social color acts as a signal, conveying information about the physical color of agents in his...
Persistent link: https://www.econbiz.de/10010815601
This paper investigates the effect of early exposure to neighborhood crime on subsequent criminal behavior of youth exploiting a unique natural experiment between 1986 and 1998 when refugee immigrants to Denmark were assigned to neighborhoods quasi-randomly. We find strong evidence that the...
Persistent link: https://www.econbiz.de/10010815647