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allows the elite to make credible commitments of future income redistribution in favor of the citizens, while a limited … evidence consistent with our theory is also provided. -- Autocracy ; democracy ; wars ; redistribution … aftermath of major wars. Motivated by this fact, we offer a theory of political transitions which focuses on the impact of …
Persistent link: https://www.econbiz.de/10003688773
. We study the conditions under which a state of law can be implemented under oligarchy, and when democratization is … necessary. Inequality in endowments and incomes prolongs the absence of good institutions and delays democratization. Conversely …
Persistent link: https://www.econbiz.de/10002543970
undermine the political viability of free trade. We show that trade-related redistribution increases the political viability of … free trade in the US. We do so by assessing the causal effect of expected redistribution associated with the US Trade …. We find that a one standard deviation increase in redistribution leads to more than a 3% point increase in the …
Persistent link: https://www.econbiz.de/10010339571
taxation that relies, both on voting and on "influence activities," exploited by the capitalist elite in order to capture some …
Persistent link: https://www.econbiz.de/10014461501
inequality and mobility for demand for redistribution and social insurance. We model the size of two different public programs …, and the demand for redistribution crucially depend on the level of income inequality and mobility. -- redistribution …
Persistent link: https://www.econbiz.de/10009311993
alternative institutional options: the degree of labour market flexibility and the intensity of redistribution. We show that the … (positive flexibility versus positive redistribution). …
Persistent link: https://www.econbiz.de/10002485621
redistribution among young individuals. …
Persistent link: https://www.econbiz.de/10002592002
We develop a theory of endogenous political entrenchment in a simple two-party dynamic model of income redistribution … the net gain that low-skill agents obtain from income redistribution, which only the Left (but not the Right) can credibly … theory for constitutionally legislated term limits is also discussed. The theory sheds light on why left-wing parties or …
Persistent link: https://www.econbiz.de/10009535765
effects on people's preferences for redistribution. In areas with larger inflows in the 1940s, people have substantially … higher demand for redistribution more than 50 years later. …
Persistent link: https://www.econbiz.de/10011895493
In this paper we study the endogenous determination of minimum wage employing a political-economic game-theoretic approach. A major objective of the paper is to clarify the crucial role of the strength of the workers' union and of political culture on the determination of the minimum wage. In...
Persistent link: https://www.econbiz.de/10011313939