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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 …
Persistent link: https://www.econbiz.de/10013107694
Many observers have noticed the importance of anger in contemporary politics, particularly with reference to populism …
Persistent link: https://www.econbiz.de/10012870139
corruption perceptions, and preferences for redistribution in Latin America. Our empirical study is guided by a theoretical model … model perceived corruption influences people's preferences for redistribution through two channels. On the one hand it … undermines trust in government, which reduces people's support for redistribution. On the other hand, more corruption decreases …
Persistent link: https://www.econbiz.de/10012952596
' policy choices by transferring money to them. We observe very high levels of redistribution – even when transfers to …
Persistent link: https://www.econbiz.de/10013134222
time-consistency problem in income redistribution. There may be political support for so generous subsidization that it … income redistribution …
Persistent link: https://www.econbiz.de/10012776006
Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda …. Other-regarding preferences may also affect support for redistribution, but knowledge about their distribution in the … national plebiscites, to study the link between other-regarding preferences and support for redistribution in a broad sample of …
Persistent link: https://www.econbiz.de/10014083850
preferences for redistribution. Exploiting the plausibly exogenous change in severity of the infection rate at the county level …, we show that, contrary to some theoretical expectations, the worse the crisis, the lower the support for redistribution …
Persistent link: https://www.econbiz.de/10014083947
Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...
Persistent link: https://www.econbiz.de/10012868012
What are the factors that explain reversals in the implementation of structural reforms? Our main hypothesis is that reversals in different reforms are driven by different factors. This paper uses new reform indicators and presents novel evidence showing that (a) FDI inflows reduce the...
Persistent link: https://www.econbiz.de/10013106946
We model an infinitely repeated Tullock contest, over the sharing of some given resource, between two ethnic groups. The resource is allocated by a composite state institution according to relative ethnic control; hence the ethnic groups contest the extent of institutional ethnic bias. The...
Persistent link: https://www.econbiz.de/10013016336