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, including 20 Latin American countries, to explore the effects of political parties on redistribution. First, consistent with a … younger and older parties, older left-wing parties are more likely to internalize the long-run costs of redistribution and to … be more credible in their commitment to redistribution, leading them to redistribute less. With entirely different data …
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redistribution kept the gap in disposable income between those same households roughly constant, while also closing the gap between …
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This paper studies the design of sin taxes when firms exercise market power. We outline an optimal tax framework that highlights how market power impacts the efficiency and redistributive properties of sin taxation, and quantify these effects in an application to sugar-sweetened beverage...
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Why do individuals' preferences for redistribution often diverge widely from their material self-interest? Using an … political economy of redistribution and the potential for information interventions to shift support for fiscal adjustment …
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Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax-and-transfer system in mitigating such inequalities, which could otherwise lead to disparities in living standards. Utilizing a life-cycle model, we determine that taxes and...
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