the candidates. We observe very high levels of redistribution - even when lobbying is possible - with little effects on …

' policy choices by transferring money to them. We observe very high levels of redistribution – even when transfers to …

equilibrium predictions. -- Redistribution ; double auction ; elections ; lobbying …' policy choices by transferring money to them. We observe very high levels of redistribution - even when transfers to …

fund capture. A model is presented where rich voters can block redistribution by buying the votes of some poor voters. In … equilibrium there is only limited redistribution and income tax rates are a negative function of government corruption. When rich …. -- tax rates ; vote-buying ; lobbying ; government corruption …

base years, the more successful a pension reform the country achieved (after controlling for other factors, such as … demography). Our analysis shows that the reform effort varies widely across countries and over time. Indeed, only three countries … paper, we analyze factors that may facilitate or hamper pension reform quality of fiscal institutions, public debt, trade …