Current trends in the distribution of wealth trigger a social divide and threaten democracy. I propose to counter this … requires two novel institutions: a socially responsible Sovereign Wealth Fund and a Federal Shareholder. This paper offers an …

We discuss the effect of formal political institutions (electoral systems, fiscal decentralization, presidential and … parliamentary regimes) on the extent and direction of income (re-)distribution. Empirical evidence is presented for a large sample … are associated with a less equal distribution of disposable incomes, while electoral systems have no significant effects …

tax wedge on labour is high, except at the bottom of the wage distribution, which can reduce worker participation and job …

depend on the size distribution of firms and on the costs of exporting. Trade liberalization, however, raises inequality …

model parameterized to match the distribution of income, wealth, and marginal propensities to consume. First, we show that …