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Persistent link: https://www.econbiz.de/10003405812
Based on the standard axiom of individual utility maximization, rational choice has postulated that higher income inequality translates into greater redistribution by shaping the median voter's preferences. While numerous papers have tested this proposition, the literature has remained divided...
Persistent link: https://www.econbiz.de/10009537242
Based on the standard axiom of individual utility maximization, rational choice has postulated that higher income inequality translates into greater redistribution by shaping the median voter's preferences. While numerous papers have tested this proposition, the literature has remained divided...
Persistent link: https://www.econbiz.de/10013080352
One prominent strand of the new growth theory has identified the political process as a potential channel to link high inequality to lower long-term growth. Several authors have argued that higher inequality causes higher demand for redistribution, which leads to greater redistribution and...
Persistent link: https://www.econbiz.de/10012717027
One prominent strand of the new growth theory has identified the political process as a potential channel to link high inequality to lower long-term growth. Several authors have argued that (1) higher inequality causes higher demand for redistribution, (2) which leads to greater redistribution...
Persistent link: https://www.econbiz.de/10014059390
Based on the standard axiom of individual utility maximization, rational choice has postulated that higher income inequality translates into greater redistribution by shaping the median voter’s preferences. While numerous papers have tested this proposition, the literature has remained divided...
Persistent link: https://www.econbiz.de/10014166967