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We develop a theory of political transitions inspired in part by the experiences of Western Europe and Latin America … relationship between inequality and redistribution is nonmonotonic; societies with intermediate levels of inequality consolidate … democracy and redistribute more than both very equal and very unequal countries. We also show that asset redistribution, such as …
Persistent link: https://www.econbiz.de/10014175752
In this paper we revisit the relationship between democracy, redistribution, and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … broadly consistent with a view that is different from the traditional median voter model of democratic redistribution …
Persistent link: https://www.econbiz.de/10014025324
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Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare to be higher in Scandinavian societies than in the United States. Why then does the United States not adopt Scandinavian-style institutions? More generally, in an interdependent...
Persistent link: https://www.econbiz.de/10012825884
regime changes are often followed by redistribution to the poor at the expense of the former elite. We argue that the reason …
Persistent link: https://www.econbiz.de/10014175750
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … broadly consistent with a view that is different from the traditional median voter model of democratic redistribution …
Persistent link: https://www.econbiz.de/10013071803
Persistent link: https://www.econbiz.de/10010203296
attention, however. In this paper, we present a simple theory of the emergence and persistence of inefficient states. The …. This enables them to reduce the amount of redistribution and public good provision in democracy. Moreover, the inefficient …
Persistent link: https://www.econbiz.de/10014054223