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means to protect the economic interests of the once ruling elite. Under "democratic federalism" 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 South …
Persistent link: https://www.econbiz.de/10012464914
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/10012459340
any role for redistribution or representation of voters, but solely based on interactions among the ruling elites. This …
Persistent link: https://www.econbiz.de/10012458113
The distribution of human capital and income lies at the center of a nexus of forces that shape a country's economic, institutional and technological structure. I develop here a unified model to analyze these interactions and their growth consequences. Five main issues are addressed. First, I...
Persistent link: https://www.econbiz.de/10012468322
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/10012469200
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/10012472018
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/10012473265
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/10012474490
second generation. The paper characterizes the determinants of the equilibrium intergenerational redistribution carried out … redistribution. The key features of the model are heterogeneity within each generation and altruism across generations …
Persistent link: https://www.econbiz.de/10012475988
When a stabilization has significant distributional implications (as in the case of tax increases to eliminate a large budget deficit) different socio-economic groups will attempt to shift the burden of stabilization onto other groups. The process leading to a stabilization becomes a "war of...
Persistent link: https://www.econbiz.de/10012475993