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 …

A reasonable future for Europe can only be achieved if two essential elements are fulfilled: Firstly, newly established …