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. Critics argue that, over time, such programs reduce the growth of economic output and/or employment. As a result …
Persistent link: https://www.econbiz.de/10010335377
According to the 'median-voter' hypothesis, greater inequality in the market distribution of earnings or income tends to produce greater generosity in redistributive policy. We outline the steps in the causal chain specified by the hypothesis and attempt to assess these steps empirically. Prior...
Persistent link: https://www.econbiz.de/10010335397