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This paper estimates the total value that individuals derive from their state's tax-and-transfer program, and shows how this value varies by income. The paper decomposes this total value into two components: redistributive value, which is due to predictable changes in income (and family...
Persistent link: https://www.econbiz.de/10013139136
-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve …-led redistribution to the poor. These patterns suggest that short-run inequality shocks can be reinforced in the labor market but do not … result in weaker political preferences for redistribution …
Persistent link: https://www.econbiz.de/10013113154
The purpose of the present note is to explore the structure of optimal income taxation/redistribution in an economy …, of course, an additional incentive for income redistribution from wealthy to poor citizens is created and the logical …
Persistent link: https://www.econbiz.de/10013226590
attendance, labor supply, wage determination, and aggregate production, which is used to compare alternative redistribution …
Persistent link: https://www.econbiz.de/10013310542
The political left turn in Latin America, which lagged its transition to liberalized market economies by a decade or more, challenges conventional economic explanations of voting behavior. This paper generalizes the forward-looking voter model to a broad range of dynamic, non-concave income...
Persistent link: https://www.econbiz.de/10013074913
relative utility comparisons, support for redistribution depends not only on absolute income but on one's status relative to a …
Persistent link: https://www.econbiz.de/10012779744
members choose either a risky reform or a safe alternative each period. When no redistribution is allowed the unique … equilibrium outcome is generically inefficient. When redistribution is allowed (even small amounts), there always exists an … policy experimentation is possible only with a sufficient amount of redistribution. We conclude that veto rights are more of …
Persistent link: https://www.econbiz.de/10012911102
Using California ballot proposition returns and exogenous shifts to labor demand, we provide the first large-scale causal evidence of the impact of economic conditions on policy preferences. Consistent with economic theory, we find that positive economic shocks decrease support for...
Persistent link: https://www.econbiz.de/10012759207
James Michael Curley, a four-time mayor of Boston, used wasteful redistribution to his poor Irish constituents and …
Persistent link: https://www.econbiz.de/10013224309
so, they are effectively accepting a certain amount of politician (presidential) rents in return for redistribution. We … influence or bribe politicians, and when inequality and potential taxes are high (which makes redistribution more valuable to …
Persistent link: https://www.econbiz.de/10013121590