and political trust both lead to fiscal policy preferences that constrain effective redistribution. Electoral …

“the rich are powerful and they dont like taxes, hence we have little taxation and little redistribution.” That is a good … taxation and non-negligible redistributive efforts. But in some of those cases such redistribution comes hand in hand with … outcomes (including the degree of redistribution and others). We postulate that each configuration of social outcomes emerges …

This paper examines the implicit subsidies within pension systems across Latin America and the Caribbean (LAC) region … subsidies could be higher for high-income workers. This occurs because the cost of one percentage point of the replacement … systems in five LAC countries. We show that, on average, all five systems provide important subsidies to those workers who …