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This paper aims to explain the rise and fall of communism by exploring the interplay between economic incentives and social preferences transmitted by ideology. We introduce inequality-averse and inefficiency-averse agents and analyze their conflict through the interaction between leaders with...
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previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the … best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth … between redistribution and growth. The best available macroeconomic data do not support such a conclusion …
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The extent of taxation and redistribution policy is generally determined at a political-economy equilibrium by a … tax burden and less redistribution than no migration, even though the migrants join the pro-tax coalition …
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social welfare by anticipating citizens’ shortsighted reaction to the transfer rules. The resulting income redistribution is … include the socially optimal pension contribution rate, retirement age, and redistribution programs. The author concludes by …
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This book offers a new interpretation of the Employment Act of 1946. It argues that in addition to Keynesian economics, the idea of a living wage was also part of the background leading up to the Employment Act. The Act mandated that the president prepare an Economic Report on the state of the...
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