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This paper examines whether political connections ease financial constraints faced by firms. Using firm-level data from six Central and Eastern European economies, the paper shows that politically connected firms: (i) have high levels of leverage, (ii) have low levels of profitability, (iii) are...
Persistent link: https://www.econbiz.de/10012113824
This paper investigates the link between inequality and demand for redistribution by looking at how individuals form … their perceptions of inequality. Most of the literature analyzing demand for redistribution has focused on objective … inequality, rather than subjective perceptions of inequality. However, a model that links demand for redistribution to subjective …
Persistent link: https://www.econbiz.de/10012059022
into a market-oriented economy. This paper offers a comprehensive study of inequality and mobility patterns for Russia … findings show rising income levels and decreasing inequality, with the latter being mostly caused by pro-poor growth rather …, leading to less long-term inequality than short-term inequality. The analysis also finds that switching from a part-time job …
Persistent link: https://www.econbiz.de/10012002184
Persistent link: https://www.econbiz.de/10012002427