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Regimes controlled by a rich elite often collapse and make way for democracy amidst widespread social unrest. Such regime changes are often followed by redistribution to the poor at the expense of the former elite. We argue that the reason why the elite may have to resort to full-scale...
Persistent link: https://www.econbiz.de/10014175750
We develop a theory of political transitions inspired in part by the experiences of Western Europe and Latin America. Nondemocratic societies are controlled by a rich elite. The initially disenfranchised poor can contest power by threatening social unrest or revolution and this may force the...
Persistent link: https://www.econbiz.de/10014175752
We develop a quantitative theory of repeated political transitions driven by revolts and reforms. In the model, the beliefs of disenfranchised citizens play a key role in determining revolutionary pressure, which in interaction with preemptive reforms determine regime dynamics. We study the...
Persistent link: https://www.econbiz.de/10012864275
Capital spending on infrastructure presents a significant counter-cyclical tool, however contested it might be in a society as unequal as South Africa. The history of racial capitalism, racebased exclusion from economic participation, and an enduring political economy based on the concentration...
Persistent link: https://www.econbiz.de/10013260025
This paper studies the relationship between people's beliefs about the quality of their institutions, as measured by corruption perceptions, and preferences for redistribution in Latin America. Our empirical study is guided by a theoretical model which introduces taxes into Foellmi and...
Persistent link: https://www.econbiz.de/10012952596
In the median-voter model of redistributive voting, an increase in the skewness of the income distribution will lead to more redistribution. Skewness is almost always assumed to be identical to inequality. But this will only be true under specific assumptions, and it is possible for an increase...
Persistent link: https://www.econbiz.de/10013024070
We analyze the roots of politicians' preferences for redistribution by exploring whether early life experiences have persistent, long-run effects on U.S. Members of Congress' voting records. We study whether having experienced an economic recession during early adulthood affected their positions...
Persistent link: https://www.econbiz.de/10012903094
An original method to find the shape of favored redistributions is presented, which is in turn used to assess the political acceptability of the optimal tax theory. Two surveys have been conducted in 2016 to quantify French preferences for income redistribution. In the first survey, respondents...
Persistent link: https://www.econbiz.de/10012907328
Are differences in preferences for redistribution between right and left wing voters amplified because of misperceptions of inequality? To answer this question, we conduct a nationally representative, randomized survey experiment of 2,584 Australians in which respondents either received...
Persistent link: https://www.econbiz.de/10012889976
Lupu and Pontusson (2011) argue that the structure of income inequality, rather than its level, can explain differences in fiscal redistribution across modern welfare states. Contrary to the assertion that there is robust evidence in support of this proposition, the present paper challenges the...
Persistent link: https://www.econbiz.de/10012890814