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We show that a transfer targeting a minority of the population is sustained by majority voting, however small the …
Persistent link: https://www.econbiz.de/10013048895
We review the literature on the public choice approach to explaining redistribution policies. The focus is on policies … that are pursued with the sole reason to redistribute initial endowments. Moreover, we restrict ourselves to redistribution … in democracies. In democratic settings, generic redistribution games lack equilibria. Structure-inducing rules that give …
Persistent link: https://www.econbiz.de/10012977205
and the extent of redistribution in democratic regimes – though such a link does not exist when objective measures of …
Persistent link: https://www.econbiz.de/10013051387
capital), and the volume of migration (of both skill types), to be higher in the competitive regime than in the coordinated … positive if the (state variable) the capital stock is within a certain range, or zero, otherwise. Migration share of native … level, otherwise. In the case of private saving only regime, the migration share is intermediate level. Thus, migration …
Persistent link: https://www.econbiz.de/10013082005
influences the succeeding education policy. More surprisingly, the prospect of voting on education policy also affects the … the two-dimensional heterogeneity of the citizens shapes the voting equilibrium in our setting with sequential voting …
Persistent link: https://www.econbiz.de/10012764389
We analyze a psychologically-based model of voter turnout in an election with common value and uncertainty. Our model yields distinctive comparative statics results. First, an increase in the proportion of informed citizens may cause the winning margin for the right candidate to either rise or...
Persistent link: https://www.econbiz.de/10013315570
redistribution. Lack of portability regarding this type of cover may impede international mobility and create financial losses or …
Persistent link: https://www.econbiz.de/10013099566
I propose a model of income redistribution in an open-economy environment. The world consists of a finite number of … income. While tax competition limits the extent to which redistribution is possible — as compared to the closed …
Persistent link: https://www.econbiz.de/10013021415
voluntarily supplied public goods; specifically, we show that not only an income inequality-raising redistribution policy but also … allowed, an inequality-raising redistribution policy is no longer effective and leaves social welfare unchanged …
Persistent link: https://www.econbiz.de/10012965708
We introduce permanently-shifting income shares into a standard growth model with two types of agents. Capital owners represent the top quintile of U.S. households while workers represent the remainder. Our tractable model allows us to exactly replicate the observed U.S. time paths of the top...
Persistent link: https://www.econbiz.de/10013315527