We review the literature on the public choice approach to explaining redistribution policies. The focus is on policies … that are pursued with the sole reason to redistribute initial endowments. Moreover, we restrict ourselves to redistribution … in democracies. In democratic settings, generic redistribution games lack equilibria. Structure-inducing rules that give …

redistribution inflicts a persistent damage on the economy and thus reduces agents' future earning possibilities prevents the poor …, but relate such changes to agents' rational investment decisions. -- political economy ; inequality ; redistribution of …

We develop a theory of endogenous political entrenchment in a simple two-party dynamic model of income redistribution … the net gain that low-skill agents obtain from income redistribution, which only the Left (but not the Right) can credibly … damaging the lower classes. -- political entrenchment ; constituencies ; inequality ; inefficient redistribution ; checks and …

We develop a theory of endogenous political entrenchment in a simple two-party dynamic model of income redistribution … the net gain that low-skill agents obtain from income redistribution, which only the Left (but not the Right) can credibly …

The paper examines the impact of income inequality and mobility on income redistribution in a modified median voter … inequality. We also examine the effect of the length of electoral periods on redistribution and welfare for different groups and …

) increases. Further evidence shows that nationalism today affects future redistribution. In countries with a high poor population …, a one percentage point increase in left nationalism will reduce redistribution in four years time by 0.8-1.6%. In … countries with a low poor population, right nationalism will increase redistribution in four years time by 0.8-2.9%. Some …

We review the literature on the public choice approach to explaining redistribution policies. The focus is on policies … that are pursued with the sole reason to redistribute initial endowments. Moreover, we restrict ourselves to redistribution … in democracies. In democratic settings, generic redistribution games lack equilibria. Structure-inducing rules that give …

The goal of this paper is to study the effects of introducing income redistribution at the municipal level, with the … decentralizing income redistribution as it may lead to consistent tax manipulation and large distortions in fiscal policy. …