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We suggest a political economy explanation for the stylized fact that intragenerationally more redistributive social security systems are smaller. Our key insight is that linking benefits to past earnings (less redistributiveness) reduces the efficiency cost of social security (due to endogenous...
Persistent link: https://www.econbiz.de/10002577853
The relationship between inequality and redistribution is usually studied under the assumption that the government …
Persistent link: https://www.econbiz.de/10011402700
redistribution between regions. I argue that the trade-off between implementing the region's preferred fiscal policy and benefiting …
Persistent link: https://www.econbiz.de/10009772825
Persistent link: https://www.econbiz.de/10003599393
Persistent link: https://www.econbiz.de/10011506447
Does redistribution in democracies cater to the will of the majority? We propose a direct empirical strategy based on … the median voter's preferred amount of redistribution and the probability to serve the median voter increases with the … redistribution. Political absenteeism of the poor cannot explain such outcomes. Rather, they can be explained by the electoral …
Persistent link: https://www.econbiz.de/10010461269
The paper examines the impact of income inequality and mobility on income redistribution in a modified median voter … inequality. We also examine the effect of the length of electoral periods on redistribution and welfare for different groups and …
Persistent link: https://www.econbiz.de/10003202910
The relationship between inequality and redistribution is usually studied under the assumption that the government …
Persistent link: https://www.econbiz.de/10002521575
redistribution policies. The interaction of the two effects has so far not been analyzed in isolation. We find that the direction of … and redistribution levels. …
Persistent link: https://www.econbiz.de/10003113320
. Fiscal competition is associated with less income redistribution and a less equal distribution of disposable incomes, but …
Persistent link: https://www.econbiz.de/10009792220