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This paper empirically analyses for the first time the median voter hypothesis in Japan as a means of investigating … unavailable in Japan, respective prefectural data is constructed using official data on income distribution and taxation … estimating a probit model. When considering the centralized prefectural government system in Japan, these results indicate that …
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We suggest a political economy explanation for the stylized fact that intragenerationally more redistributive social security systems are smaller. We relate the stylized fact to an "efficiency-redistribution" trade-off to be resolved by political process. The inefficiency of social security...
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