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Based on the standard axiom of individual utility maximization, rational choice has postulated that higher income inequality translates into greater redistribution by shaping the median voter's preferences. While numerous papers have tested this proposition, the literature has remained divided...
Persistent link: https://www.econbiz.de/10013080352
Despite an increased awareness for income distribution, much of the literature still focuses exclusively on growth as a means of poverty reduction and argues that the poverty impact of distributional change is so minor that it can be neglected. This article questions these policy...
Persistent link: https://www.econbiz.de/10014067233
Based on the standard axiom of individual utility maximization, rational choice has postulated that higher income inequality translates into greater redistribution by shaping the median voter’s preferences. While numerous papers have tested this proposition, the literature has remained divided...
Persistent link: https://www.econbiz.de/10014166967