This paper presents a theory that explains the prevalence of different models of privatization across countries and …

democracies; (2) the nature and determinants of modern tax structures; and (3) redistribution in pluralistic societies over …

This paper investigates the politicians' incentives to pursue income redistribution when governments are constrained to … redistribution. As a result, politicians are able to implement larger redistributive transfers and improve the well-being of swing …

), that higher levels of income inequality are associated with more terrorism. Consistent with relative deprivation theory, we … terrorism to voice dissent and achieve a redistribution of wealth. Furthermore, we provide evidence of an indirect effect of …

redistribution inflicts a persistent damage on the economy and thus reduces agents' future earning possibilities prevents the poor …, but relate such changes to agents' rational investment decisions. -- political economy ; inequality ; redistribution of …

We develop a theory of endogenous political entrenchment in a simple two-party dynamic model of income redistribution … the net gain that low-skill agents obtain from income redistribution, which only the Left (but not the Right) can credibly … theory for constitutionally legislated term limits is also discussed. The theory sheds light on why left-wing parties or …