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We study the effect of power sharing over income redistribution among different socio-economic groups in a model of redistributive politics with fairness concern. We prove that a unique pure-strategy equilibrium exists under fairly general conditions; and we show that equilibrium transfers...
Persistent link: https://www.econbiz.de/10011563113
Economic change over the past twenty years has rendered many individuals and territories vulnerable, leading to greater interpersonal and interterritorial inequality. This rising inequality is seen as a root cause of populism. Yet, there is no comparative evidence as to whether this discontent...
Persistent link: https://www.econbiz.de/10014455343
Persistent link: https://www.econbiz.de/10003590508
The aim of this work is to analyze the relationship between inequality and economic growth. The results obtained by previous empirical papers were mixed. Authors such as Persson and Tabellini (1991) or Alesina and Rodrik (1994), in fact, find evidence of a negative relationship between the two...
Persistent link: https://www.econbiz.de/10010481690
Persistent link: https://www.econbiz.de/10002423495
We document the evolution of intergenerational income (IGI ) inequality, measured as the relative income between old and young individuals, using harmonised microdata from 42 countries at different stages of economic development. In the last 20 years, IGI inequality has increased (in favour of...
Persistent link: https://www.econbiz.de/10012888008
Following Russia's February invasion of Ukraine and the imposition of sanctions by countries worldwide, Russian population faces a crisis with deep but differentiated consequences across socioeconomic groups. We examine the evolution of earnings and societal earnings gaps throughout Vladimir...
Persistent link: https://www.econbiz.de/10014455206
The paper investigates the effectiveness of the median voter as a decisive agent in the process of redistribution. According to the previous literature, it tests several assumptions finding interesting results: The positive relation between inequality and redistribution is confirmed, but the...
Persistent link: https://www.econbiz.de/10003881703
The link between income inequality and governmental redistribution is still subject to intense research and debate. Starting with the median-voter-hypothesis, a plethora of theoretical models have been developed during the last three decades to identify and explain possible causal relationships....
Persistent link: https://www.econbiz.de/10003749046
The reformulation of the median voter hypothesis and its testing proposed in Milanovic (2000) has been criticized from four different perspectives. The critiques are discussed and assessed. -- Median voter ; Income distribution ; Redistribution
Persistent link: https://www.econbiz.de/10008669345