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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 …
Persistent link: https://www.econbiz.de/10013315720
Almost all of the literature about the growth of income inequality and the relationship between skilled and unskilled wages approaches the issue from the production side of general equilibrium (skill-biased technical change, international trade). Here, we add a role for income-dependent demand...
Persistent link: https://www.econbiz.de/10012952408