curve in many Western economies during this period, with the fall in inequality following redistribution due to … widespread social unrest and revolution. Political transition, rather than redistribution under existing political institutions … political equilibria and acts as a commitment to redistribution. Our theory also offers a novel explanation for the Kuznets …

relationship between inequality and redistribution is nonmonotonic; societies with intermediate levels of unequality consolidate …We develop a theory of political transitions inspired in part by the experiences of Western Europe and Latin America … redistributive than a nondemocratic regime, and this gives the elite an incentive to mount a coup. Because inequality makes democracy …

relationship between inequality and redistribution is nonmonotonic; societies with intermediate levels of inequality consolidate …We develop a theory of political transitions inspired in part by the experiences of Western Europe and Latin America … redistributive than a nondemocratic regime, and this gives the elite an incentive to mount a coup. Because inequality makes democracy …

infuence or bribe politicians, and when inequality and potential taxes are high (which makes redistribution more valuable to …, they are effectively accepting a certain amount of politician (presidential) rents in return for redistribution. We show …

?uence or bribe politicians, and when inequality and potential taxes are high (which makes redistribution more valuable to the …, they are e?ectively accepting a certain amount of politician (presidential) rents in return for redistribution. We show …

, however, which can explain why this redistribution often takes an inefficient form. In this paper we develop a theory of why … redistribution is made inefficiently. Inefficient redistribution makes staying in or entering a group relatively more attractive than … efficient methods of redistribution. The form of redistribution is therefore a tool to sustain political power in situations …

regime changes are often followed by redistribution to the poor at the expense of the former elite. We argue that the reason …

Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare … entrepreneurs (thus greater inequality) increases entrepreneurial e¤ort and hence a country’s contribution to the world technology … “cutthroat”capitalism that generates greater inequality and more innovation and will become the technology leaders, while others …