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inducing gratitude and reciprocity among beneficiaries, redistribution may also initiate clientelist exchange. We study the … long-term effects of a major redistribution policy: the 1950 Italian land reform. Using a panel spatial regression … discontinuity and data for half a century, we show that the large-scale redistribution led to the emergence of a long …
Persistent link: https://www.econbiz.de/10013241874
The goal of this paper is to study the effects of introducing income redistribution at the municipal level, with the … decentralizing income redistribution as it may lead to consistent tax manipulation and large distortions in fiscal policy. …
Persistent link: https://www.econbiz.de/10011996184
that an oligarchy adopting a mass-army may voluntarily decide to promise some amount of income redistribution to its …-compatible redistribution, they may cope with the moral hazard problem of the citizens-soldiers only by relinquishing political power to them … allows the elite to make credible commitments of future income redistribution in favor of the citizens, while a limited …
Persistent link: https://www.econbiz.de/10005077160
redistribution that our model generates match salient stylized facts. In contrast to the standard view that inefficiencies are … unavoidable when implementing redistributive policies, we argue that redistribution may be a means to disguise inefficient …
Persistent link: https://www.econbiz.de/10010607408
regime changes are often followed by redistribution to the poor at the expense of the former elite. We argue that the reason …
Persistent link: https://www.econbiz.de/10005666486
regime changes are often followed by redistribution to the poor at the expense of the former elite. We argue that the reason …
Persistent link: https://www.econbiz.de/10014175750
relationship between inequality and redistribution is nonmonotonic; societies with intermediate levels of inequality consolidate … democracy and redistribute more than both very equal and very unequal countries. We also show that asset redistribution, such as …
Persistent link: https://www.econbiz.de/10014175752
that an oligarchy adopting a mass-army may voluntarily decide to promise some amount of income redistribution to its …-compatible redistribution, they may cope with the moral hazard problem of the citizens-soldiers only by relinquishing political power to them … allows the elite to make credible commitments of future income redistribution in favor of the citizens, while a limited …
Persistent link: https://www.econbiz.de/10005738397
, of the positive or absent (rather than negative) association between equality and redistribution transpiring from the …
Persistent link: https://www.econbiz.de/10005648788
voting, where agents vote over income redistribution. The key feature of the theory is that the future constituency of … redistributive policies depends positively on the current level of redistribution, since this affects both private investments and …
Persistent link: https://www.econbiz.de/10005656349