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In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … suggesting that inequality tends to increase after democratization when the economy has already undergone significant structural …
Persistent link: https://www.econbiz.de/10013071520
means to protect the economic interests of the once ruling elite. Under quot;democratic federalismquot; the constitution … creates an annual policy game where the new majority and the elite each control one policy instrument of importance to the … other. The game has a stable, stationary equilibrium that the elite may prefer to autocratic rule. We apply our analysis to …
Persistent link: https://www.econbiz.de/10012759609
their effort, it will chose low redistribution and low taxes. In equilibrium effort will be high, the role of luck limited …
Persistent link: https://www.econbiz.de/10013134300
This paper develops a politico-economic model for use in studying the role of intra-elite conflict in the simultaneous … determination of a country's political regime, trade policy and income-tax-based redistribution scheme. Three socioeconomic groups … are involved: two elite groups and workers, whose preferences regarding trade policy and income taxation are derived from …
Persistent link: https://www.econbiz.de/10013077661
In this paper we analyze empirically the most important implications of two family political economy models of inflation: the "myopic? government approach and the "weak" government approach. In myopic government models inflation is the deliberate outcome of politicians strategic behavior, while...
Persistent link: https://www.econbiz.de/10013244087
any role for redistribution or representation of voters, but solely based on interactions among the ruling elites. This …
Persistent link: https://www.econbiz.de/10013046164
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
Even relatively poor people oppose high rates of redistribution because of the anticipation that they or their children … in large-scale expropriation and highly progressive redistribution. But is it compatible with everyone -- especially the …
Persistent link: https://www.econbiz.de/10013218092
imperfections make future earning a function of current resources. Combined with the politics of redistribution this creates the … potential for multiple steady-states, with mutually reinforcing high inequality and low redistribution, or vice-versa. Temporary …
Persistent link: https://www.econbiz.de/10013210599
This paper examines the effects of a zoning regulation on local redistribution in a multicommunity model. Each … in greater redistribution than do poorer communities. (ii) Zoning may cause the wealthy community to become less, rather …
Persistent link: https://www.econbiz.de/10013243441