Saint-Paul, Gilles; Ticchi, Davide; Vindigni, Andrea - 2012
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 … damaging the lower classes. -- political entrenchment ; constituencies ; inequality ; inefficient redistribution ; checks and …