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'the rich are powerful and they dont like taxes, hence we have little taxation and little redistribution.' That is a good … taxation and non-negligible redistributive efforts. But in some of those cases such redistribution comes hand in hand with … outcomes (including the degree of redistribution and others). We postulate that each configuration of social outcomes emerges …
Persistent link: https://www.econbiz.de/10014564012
I analyze the dynamic effects of tax competition on public budget deficits. I find that stronger tax competition leads to a fiscal deficit bias at the early stages of financial liberalization. When countries differ in terms of capital mobility, further liberalization leads to external imbalances...
Persistent link: https://www.econbiz.de/10011431159
a two-party system in which the left-wing party has a larger preference for redistribution than the right-wing party … government has incentives to fi- nance redistribution via external debt to avoid distortionary income taxation. On the other hand …
Persistent link: https://www.econbiz.de/10014282639
fractionalization and group antagonism reduce the support for redistribution. Whereas within group inequality increases support for … redistribution, inequality between groups has the opposite effect. All these results hold even if a poor group is in majority. Using … increases and between race inequality decreases redistribution. …
Persistent link: https://www.econbiz.de/10010284464
I analyze the dynamic effects of tax competition on public budget deficits. I find that stronger tax competition leads to a fiscal deficit bias at the early stages of financial liberalization. When countries differ in terms of capital mobility, further liberalization leads to external imbalances...
Persistent link: https://www.econbiz.de/10011392530
The authors set up a political economy equilibrium framework for personal income distribution. Located in status theory, their concept is able to explain what justifies a certain or optimal degree of inequality in the society. The authors present an empirical analysis of personal income...
Persistent link: https://www.econbiz.de/10012146968
“the rich are powerful and they dont like taxes, hence we have little taxation and little redistribution.” That is a good … taxation and non-negligible redistributive efforts. But in some of those cases such redistribution comes hand in hand with … outcomes (including the degree of redistribution and others). We postulate that each configuration of social outcomes emerges …
Persistent link: https://www.econbiz.de/10014546295
repeated voting, where agents vote over distortionary 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 … will vote for zero redistribution. …
Persistent link: https://www.econbiz.de/10005772313