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A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital taxation that relies, both on voting and on "influence...
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What matters for individuals' preferences for redistribution? In this paper we show that consequentialist beliefs about inequality - beliefs about how economic inequality changes the crime rate or the quality of democratic institutions, for example - have a large causal impact on individuals'...
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The debate on whether democracy and inequality increase the level of redistribution is ongoing. We construct a model that predicts higher probability of redistribution in democracies than autocracies through social transfers. Higher inequality leads to more redistribution in democracies but not...
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I describe a structural method to quantify the contribution of different elements of social choice to the level of redistribution. Estimating a DSGE model with microdata on the support for redistribution, I find that if voters disregarded their ideological views on welfare policies,...
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Why do people acquire consumer debt? In this article, I draw on the case of Chile and call into question the … show that financialization might be explained by two subtler mechanisms in the case of Chile and, arguably, other …Weshalb nehmen Verbraucher Kredite auf? Am Beispiel von Chile hinterfrage ich in diesem Beitrag die Erklärungskraft …
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