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This paper offers an overview of Alberto Alesina's life and of his scholarly work (§ 1 and 2). It will be argued, that Alberto would have entirely deserved the award of the Nobel Prize for Economic Science, except only for his premature passing away. His foundational contribution was the...
Persistent link: https://www.econbiz.de/10014390535
inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital … political power at the expenses of the median voter. In particular, investments in lobbying activities allow the rich to obtain … variable taxes and lobbying. In addition, it is established the existence of a transitional dynamics featuring convergence to a …
Persistent link: https://www.econbiz.de/10014469727
augmented with a heterogeneous agents lobbying game. Model simulations match the dynamics of structural change, inequality, and … across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change … and lobbying remains underexplored. Using more than 150 years of data on parliamentary petitions in USA and Britain, we …
Persistent link: https://www.econbiz.de/10014575605
augmented with a heterogeneous agents lobbying game. Model simulations match the dynamics of structural change, inequality, and … across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change … and lobbying remains underexplored. Using more than 150 years of data on parliamentary petitions in USA and Britain, we …
Persistent link: https://www.econbiz.de/10014557744
augmented with a heterogeneous agents lobbying game. Model simulations match the dynamics of structural change, inequality, and … across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change … and lobbying remains underexplored. Using more than 150 years of data on parliamentary petitions in USA and Britain, we …
Persistent link: https://www.econbiz.de/10014545117
An influential paper by Berg et al., 'Redistribution, inequality, and growth: new evidence', uses the SWIID data to … examine the impact of inequality and redistribution on growth in both developing and developed countries. It finds that while … inequality is harmful for growth, redistribution does not hamper growth. This comment demonstrates that the redistribution and …
Persistent link: https://www.econbiz.de/10012299793
and by The Standardized World Income Inequality Database are seen to be correlated with economic diversification, the rule … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …
Persistent link: https://www.econbiz.de/10012892099
addition to the inequality-growth relationship, we examine the direct influence of effective redistribution. When net … inequality is held constant, public redistribution negatively affects economic growth. Redistribution hampers investment and … net inequality, the overall impact of redistribution is insignificant. Whereas this result stems mainly from advanced …
Persistent link: https://www.econbiz.de/10011309192
inequality from net inequality and allows us to calculate redistributive transfers for a large number of country …-year observations. Our main findings are: 1. More unequal societies tend to redistribute more. 2. Lower net inequality is robustly … correlated with faster and more durable growth, for a given level of redistribution. 3. Redistribution appears generally benign …
Persistent link: https://www.econbiz.de/10014144640
This paper presents a review of the literature on the economics of shared societies. As defined by the Club de Madrid, shared societies are societies in which people hold an equal capacity to participate in and benefit from economic, political, and social opportunities regardless of race,...
Persistent link: https://www.econbiz.de/10009704290