Razin, Assaf; Sadka, Efraim; Suwankiri, Benjarong - C.E.P.R. Discussion Papers - 2015
We develop a dynamic political-economic theory of welfare state and immigration policies, featuring three distinct voting groups: skilled workers, unskilled workers, and old retirees. The essence of inter - and intra-generational redistribution of a typical welfare system is captured with a...