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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 … broadly consistent with a view that is different from the traditional median voter model of democratic redistribution …
Persistent link: https://www.econbiz.de/10012458917
) and airdrop programs (e.g., OmiseGo Airdrop) facilitate inclusion through token monetary redistribution …
Persistent link: https://www.econbiz.de/10014226146
This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....
Persistent link: https://www.econbiz.de/10013334417
We study optimal monetary policy in a general equilibrium economy with heterogeneous agents and nominal rigidities. Households differ in type-specific, state-contingent labor productivity and initial firm ownership, yet markets are complete. The fiscal authority has access to a linear tax...
Persistent link: https://www.econbiz.de/10015072863
skills or not. The government influences individual decision-making by redistribution of income or by subsidizing investment …
Persistent link: https://www.econbiz.de/10012471291
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/10012478985
We study how monetary policy affects the asymmetric effects of globalization. To this end, we build an open … asymmetric effects of globalization can be smaller for economies with higher international integration …
Persistent link: https://www.econbiz.de/10012482432
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
This paper constructs a simple model of pair-wise tournament competition to investigate categorical redistribution in … winner-take-all markets. We consider two forms of redistribution: category-sighted, where employers are allowed to use … equilibrium category-sighted redistribution scheme involves a constant handicap given to agents in the disadvantaged category …
Persistent link: https://www.econbiz.de/10012468590
inequality. Our theory formalizes as well as modifies Linder's conjecture about the relationship between intraindustry trade and …
Persistent link: https://www.econbiz.de/10012468607