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Does redistribution in democracies cater to the will of the majority? We propose a direct empirical strategy based on survey data that needs not assume that voters are guided by pecuniary motives alone. We find that most democracies implement the median voter's preferred amount of redistribution...
Persistent link: https://www.econbiz.de/10011307797
In this paper, foreign aid transfers can distort individual incentives, and hence hurt growth, by encouraging rent-seeking as opposed to productive activities. We construct a model of a small growing open economy that distinguishes two effects from foreign transfers: (i) a direct positive...
Persistent link: https://www.econbiz.de/10013319369
Civil unrest is a powerful form of collective human dynamics, which has led to major transitions of societies in modern history. The study of collective human dynamics, including collective aggression, has been the focus of much discussion in the context of modeling and identification of...
Persistent link: https://www.econbiz.de/10014164119
The main question guiding this study is whether international labor standards will benefit the poor, in particular, developing countries and the poor in those countries. We survey the theoretical literature on international labor standards, and give an overview of the analytical framework and...
Persistent link: https://www.econbiz.de/10014123863
The domestic politics of globalization are essentially as old as globalization itself. Trade and other international transactions affect a broad spectrum of individual economic interests. For example, relatively less-efficient domestic firms lose, and importers and consumers desiring goods...
Persistent link: https://www.econbiz.de/10014051543
This paper explores the relationship between public sector efficiency (PSE) and the level of democracy, both theoretically and empirically. At the theoretical level a simple model of elections with two time periods is presented, which takes into account whether the political regime is democratic...
Persistent link: https://www.econbiz.de/10014207727
Persistent link: https://www.econbiz.de/10000665388
This paper provides new empirical evidence on policy-makers' voting patterns on interest rates. Applying (pooled) Taylor-type rules and using real-time information available from published inflation reports and voting records, the paper tests for heterogeneity among committee members in three...
Persistent link: https://www.econbiz.de/10009380404
Persistent link: https://www.econbiz.de/10011392007
Persistent link: https://www.econbiz.de/10011335173