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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 …: democracy does not lead to a uniform decline in post-tax inequality, but can result in changes in fiscal redistribution and …
Persistent link: https://www.econbiz.de/10012458917
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/10012466294
low, the equilibrium policy is characterized by some amount of general income redistribution and some targeted transfers … interest groups and against general redistribution. As diversity increases further, however, only general redistribution …
Persistent link: https://www.econbiz.de/10012467108
World democracies widely differ in electoral rules, as well as in legislative, executive or legal institutions …
Persistent link: https://www.econbiz.de/10012458217
This paper argues that the social nature of humans, absent from the standard economic model, is crucial to understand our large modern social states and why concerns about inequality are so pervasive. A social solution arises when a situation is resolved at the group level (rather than the...
Persistent link: https://www.econbiz.de/10012482605
redistribution. We study the dynamic evolution of different economies in which redistributive policies, perceptions of fairness … inequality, redistribution and growth. We also show how different beliefs about fairness can keep two otherwise identical …
Persistent link: https://www.econbiz.de/10012463062
This paper discusses what determines the preferences of individuals for redistribution. We review the theoretical … examine empirical evidence for the US, using the General Social Survey, and for a large set of countries, using the World …
Persistent link: https://www.econbiz.de/10012463822
redistribution in democratic societies. An infinite-horizon theoretical model is developed, and the properties of the equilibrium tax …
Persistent link: https://www.econbiz.de/10012455921
Social contracts about inequality and redistribution are country-specific. We rely on a model of inequality and … redistribution where multiple steady states can emerge in given country. We link the model to the recent literature on beliefs and … we call 'dissipative inclusion', where redistribution and social inclusion are effectively achieved but accompanied by …
Persistent link: https://www.econbiz.de/10012460073
-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/10012460956