If redistribution is distortionary, and if the income of skilled workers is due to knowledge-intensive activities and … reduction reduces statis inefficiency. On the other hand, standard redistribution also reduces the level of R&D because it … that standard redistribution always dominates limitations to IPRs. …

and benefits of redistribution through taxes, land reform or public schooling: such policies simultaneously depress …’ rent-seeking abilities, as well as with the gap between rich and poor. It is not income inequality per se that matters …, however, but inequality in the relative distribution of earning and political power. For each of the three channels of …

costs and benefits of redistribution are generally of the same order of magnitude, resulting in reasonable values for the …

plausible assumptions, inequality rises and then falls when network size increases, and the poorest workers cannot lose. We also …

his reputation for truth telling, we show that the larger the inequality, the less information can credibly be transmitted … to the policy-maker. We also investigate the effects of inequality on welfare, and discuss the welfare effects of …

or societal laws benefiting religious citizens. Rising income inequality can, however, lead some of the rich to form a …

excessive flexibility, resulting in suboptimal growth or even self-sustaining technology-inequality traps. Fourth, I examine how … configurations of technology, inequality and redistributive policy are feasible in the long run, when all three are endogenous. I … show in particular how the diffusion of technology leads to the ‘exporting’ of inequality across borders; and how this, in …

relationship between inequality and redistribution is nonmonotonic; societies with intermediate levels of inequality consolidate … redistributive than a nondemocratic regime, and this gives the elite an incentive to mount a coup. Because inequality makes democracy … democracy and redistribute more than both very equal and very unequal countries. We also show that asset redistribution, such as …

inequality and environmental protection. We present a class of models (which captures a static model as well as an overlapping …

curve in many Western economies during this period, with the fall in inequality following redistribution due to … widespread social unrest and revolution. Political transition, rather than redistribution under existing political institutions … political equilibria and acts as a commitment to redistribution. Our theory also offers a novel explanation for the Kuznets …