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IPCC (2022) documents a looming gap between climate goals and implemented policies and points to a lack of political commitment. We study policymakers' incentives to commit. A policymaker decides on a policy to encourage citizens to make investments and determines the degree of flexibility to...
Persistent link: https://www.econbiz.de/10014369623
We study the effect of power sharing over income redistribution among different socio-economic groups in a model of …
Persistent link: https://www.econbiz.de/10011563113
. Redistribution to real co-players has a negative effect on the median voter's tax rate choice. Further, perceived income mobility … decreases the desired amount of redistribution. Our results suggest the importance of concerns about own mobility as well as … play a role in the political economy context. -- Redistribution ; other-regarding preferences ; median voter ; experiments …
Persistent link: https://www.econbiz.de/10009407744
We investigate redistributive taxation in a political economy experiment and determine how different patterns of social … attributed to social or other-regarding preferences. -- Median voter ; redistribution ; social mobility …
Persistent link: https://www.econbiz.de/10009409123
The celebrated relation between inequality and redistribution is based on selfish voters who care solely about own … redistribution. We reexamine the relation between inequality and redistribution, within a simple general equilibrium model, when … can lead to increased redistribution (which implies a countercyclical social spending to GDP ratio). Third, we show that …
Persistent link: https://www.econbiz.de/10012770856
In standard political economy models, voters are self-interested i.e. care only about own utility. However, the emerging evidence indicates that voters often have other-regarding preferences (ORP), i.e., in deciding among alternative policies voters care about their payoffs relative to others....
Persistent link: https://www.econbiz.de/10012723854
There is growing evidence on the roles of fairness and social preferences as fundamental human motives, in general, as well as in voting contexts. In contrast, models of political economy are based on selfish-voters who derive utility solely from own payoffs. We examine the implications of...
Persistent link: https://www.econbiz.de/10012724410
. Redistribution to real co-players has a negative effect on the median voter's tax rate choice. Further, perceived income mobility … decreases the desired amount of redistribution. Our results suggest the importance of concerns about own mobility as well as …
Persistent link: https://www.econbiz.de/10013122867
We use new annual data on gasoline taxes and corporate income taxes from U.S. states to analyze whether politicians avoid tax increases in election years. These data contain 3 useful attributes: (1) when state politicians enact tax laws, (2) when state politicians implement tax laws on consumers...
Persistent link: https://www.econbiz.de/10014048668
We use new annual data on gasoline taxes and corporate income taxes from U.S. states to analyze whether politicians avoid tax increases in election years. Our data provide three items of information: (1) when state politicians enact tax laws, (2) when state politicians implement tax laws on...
Persistent link: https://www.econbiz.de/10014095514