Saint-Paul, Gilles; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2012
income of its own constituency, the lower class, in order to consolidate its future political power. Such policies increase … in power. Finally, we show that, in a more general framework, the entrenchment policies can be implemented also by the … and income inequality on the incentives of the incumbent party to pursue entrenchment policies. The importance of our …