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This paper generalizes the analysis of distributive conflict, politics, and growth developed by by Alesina-Rodrik (1994). We construct a heterogenous-agent framework in which both growth and the distribution of wealth are endogenous. Due to adjustments in the distribution of wealth, the...
Persistent link: https://www.econbiz.de/10011437002
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The relationship between inequality and redistribution is usually studied under the assumption that the government …. In this paper we consider what happens if the government can redistribute through both sides of its budget (revenue and …
Persistent link: https://www.econbiz.de/10011402700
The relationship between inequality and redistribution is usually studied under the assumption that the government …. In this paper we consider what happens if the government can redistribute through both sides of its budget (revenue and …
Persistent link: https://www.econbiz.de/10010261071
The paper examines the impact of income inequality and mobility on income redistribution in a modified median voter model where redistributive conflict takes place both between educational groups and age-groups. The effects of inequality and mobility are not unambiguous but depend on factors...
Persistent link: https://www.econbiz.de/10010261360
Persistent link: https://www.econbiz.de/10012816141
This paper examines the political economy of trade policy in the context of a small open economy, when factor ownerships are variable. The median voter hypothesis is used. In the long run, both trade protection and distribution of wealth and income are endogenous, and the paper investigates how...
Persistent link: https://www.econbiz.de/10011577281
Persistent link: https://www.econbiz.de/10012120942
Persistent link: https://www.econbiz.de/10014381935
competitive wages. Over time, large, high-wage, high-productivity firms generate increasingly large labour market rents while …
Persistent link: https://www.econbiz.de/10012514882