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We analyze a political competition model of redistributive policies. We provide an equilibrium existence result and a full characterization of the net transfers to the different income groups. We also derive several testable predictions about the way in which the net group transfers and the...
Persistent link: https://www.econbiz.de/10012854035
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 relative to others....
Persistent link: https://www.econbiz.de/10012723854
There is growing evidence on the roles of fairness and social preferences as fundamental human motives, in general, as well as in voting contexts. In contrast, models of political economy are based on selfish-voters who derive utility solely from own payoffs. We examine the implications of...
Persistent link: https://www.econbiz.de/10012724410
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/10012770856
This paper examines the political economy of redistribution when voters have asymmetric information about the …
Persistent link: https://www.econbiz.de/10012771452
redistribution among citizens from different socioeconomic backgrounds and the actual extent of government redistribution. Our focus … on redistribution arises from the inherent class conflicts it engenders in policy choices, allowing us to examine whose … realized redistribution. This finding contradicts the expectations of both leading experts and regular citizens. …
Persistent link: https://www.econbiz.de/10014444875
redistribution among citizens from different socioeconomic backgrounds and the actual extent of government redistribution. Our focus … on redistribution arises from the inherent class conflicts it engenders in policy choices, allowing us to examine whose … realized redistribution. This finding contradicts the expectations of both leading experts and regular citizens …
Persistent link: https://www.econbiz.de/10014447295
We investigate redistributive taxation in a political economy experiment and determine how different patterns of social …
Persistent link: https://www.econbiz.de/10013131968
We investigate redistributive taxation in a political economy experiment and determine how different patterns of social …
Persistent link: https://www.econbiz.de/10014189868
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