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Democracy and Development : The Devil in the Details

Persson, Torsten - 2006

Does democracy promote economic development? We review recent attempts to address this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends -- in a subtle way -- on the details of democratic...

Persistent link: https://www.econbiz.de/10012466677

The Growth Effect of Democracy : Is It Heterogenous and How Can It Be Estimated?

Persson, Torsten - 2007

We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in differences with matching, that have not been used in macroeconomic settings. Our semi-parametric estimates suggest that previous parametric estimates may have seriously...

Persistent link: https://www.econbiz.de/10012465503

Is Inequality Harmful for Growth? Theory and Evidence

Persson, Torsten - 1991

Is inequality harmful for growth? We suggest that it is. To summarize our main argument: in a society where distributional conflict is more important, political decisions are more likely to produce economic policies that allow private individuals to appropriate less of the returns to growth...

Persistent link: https://www.econbiz.de/10012475421

The Evolution of Income Concentration in Japan, 1886-2002 : Evidence from Income Tax Statistics

Moriguchi, Chiaki - 2006

This paper studies the evolution of income concentration in Japan from 1886 to 2002 by constructing long-run series of top income shares and top wage income shares, using income tax statistics. We find that (1) income concentration was extremely high throughout the pre-WWII period during which...

Persistent link: https://www.econbiz.de/10012466104

How Elastic Are Preferences for Redistribution? Evidence from Randomized Survey Experiments

Kuziemko, Ilyana - 2013

We develop online survey experiments to analyze how information about inequality and taxes affects preferences for redistribution. Approximately 4,000 respondents were randomized into treatments providing interactive, customized information on U.S. income inequality, the link between top income...

Persistent link: https://www.econbiz.de/10012459796

Social Organizations and Political Institutions : Why China and Europe Diverged

Mokyr, Joel; Tabellini, Guido - 2023

Western Europe. An important factor, recognized in the literature, is that China centralized state institutions very early on …, while Europe remained politically fragmented for much longer. These initial differences, however, were amplified by the … different social organizations (clans in China, corporate structures in Europe) that spread in these two societies at the turn …

Persistent link: https://www.econbiz.de/10014357030

Mobile Internet and the Rise of Political Tribalism in Europe

Manacorda, Marco; Tabellini, Guido; Tesei, Andrea - 2022

We study the political effects of the diffusion of mobile Internet between 2007 and 2017, using data on electoral outcomes and on mobile Internet signal across the 84,564 municipalities of 22 European countries. We find that access to mobile Internet increased voters’ support for right-wing...

Persistent link: https://www.econbiz.de/10014244346

How Does Your Kindergarten Classroom Affect Your Earnings? Evidence From Project STAR

Chetty, Raj - 2010

In Project STAR, 11,571 students in Tennessee and their teachers were randomly assigned to classrooms within their schools from kindergarten to third grade. This paper evaluates the long-term impacts of STAR by linking the experimental data to administrative records. We first demonstrate that...

Persistent link: https://www.econbiz.de/10012462275

Optimal Taxation and Social Insurance with Endogenous Private Insurance

Chetty, Raj - 2008

This paper characterizes the welfare gains from redistributive taxation and social insurance in an environment where the private sector provides partial insurance. We analyze stylized models in which adverse selection, pre-existing information, or imperfect optimization in private insurance...

Persistent link: https://www.econbiz.de/10012464244

A Theory of Optimal Capital Taxation

Piketty, Thomas - 2012

This paper develops a realistic, tractable theoretical model that can be used to investigate socially-optimal capital taxation. We present a dynamic model of savings and bequests with heterogeneous random tastes for bequests to children and for wealth per se. We derive formulas for optimal tax...

Persistent link: https://www.econbiz.de/10012460670