democracy with asymmetric information. The model considers not only redistribution between generations but also redistribution …, consumption levels are perfectly equalized within both generations. Second, a redistribution bias exists in favor of the old …

redistribution when no institutions exist that allow for binding commitments between different groups of society and the political … redistribution turns out to be non-monotonous. A change in inequality might in- or decrease redistribution, or might have no effect … relationship between inequality and redistribution in weakly institutionalized environments. In the third chapter, Matteo …