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This paper examines the political economy of redistribution when voters have asymmetric information about the …
Persistent link: https://www.econbiz.de/10005407535
recognized by all agents. I then use the framework to reassess the relationship between inequality and redistribution. The model … why the standard median-voter-based prediction, that more inequality produces more redistribution, has received little …, there is a non-monotonic relationship in which redistribution is initially increasing but eventually decreasing in …
Persistent link: https://www.econbiz.de/10010574319
We investigate redistributive taxation in a political economy experiment and determine how different patterns of social …
Persistent link: https://www.econbiz.de/10008607502
We study the political economy of state limitations on the taxing powers of local governments, investigating the effects of such restriction on housing markets, community composition, and types of taxes and expenditures undertaken by local governments. We characterize equilibrium when voters...
Persistent link: https://www.econbiz.de/10008565926
, unlike a selfish voter model, poverty can lead to increased redistribution. Mean preserving spreads of income increase … equilibrium redistribution. Greater fairness leads to greater redistribution. The introduction of selfish voters in an economy … illustrates the potential importance of fairness in explaining redistribution. …
Persistent link: https://www.econbiz.de/10005230652
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/10005230660
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...
Persistent link: https://www.econbiz.de/10005561937
We study the effect of direct democracy on local taxation. Our setting is the German federal state of Bavaria, where in …
Persistent link: https://www.econbiz.de/10010329224
We study the effect of direct democracy on local taxation. Our setting is the German federal state of Bavaria, where in …
Persistent link: https://www.econbiz.de/10010229893
We study the effect of direct democracy on local taxation. Our setting is the German federal state of Bavaria, where in …
Persistent link: https://www.econbiz.de/10010957669