Showing 1 - 10 of 3,838
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
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
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
We examine how inequality in the endowment of secure wealth, mediated through voluntary public good provision, affects rent-seeking within and between groups. We model a scenario where two communities, each internally differentiated into rich, intermediate and poor segments, contest one another...
Persistent link: https://www.econbiz.de/10012703084
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
This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U-shaped: "intermediate" political regimes significantly lead to inferior economic...
Persistent link: https://www.econbiz.de/10013412764
the constituent ethnic groups. Our theory highlights the role of the local elite in lobbying for policies which favour … non-developmental items, all of which is consistent with our theory. …
Persistent link: https://www.econbiz.de/10012430676
. 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
This paper presents a comprehensive analysis of the role of capital taxation in advanced economies with a focus on the Swedish experience. We synthesize the existing theoretical literature, present facts about the capital stock and its distribution, review current capital tax practices and...
Persistent link: https://www.econbiz.de/10011845732
This paper tests the hypothesis that international migration experiences may promote better institutions at home by raising the demand for political accountability. In order to examine this question, we use a simple postcard voting experiment designed to capture the population’s desire for...
Persistent link: https://www.econbiz.de/10003934092