If individuals evaluate outcomes relative to the status quo, then a social planner may limit redistribution from rich … know (when we observe near-complete redistribution). Subjects who are themselves risk-seeking over losses drive the effect … suggest that respect for reference points of the wealthy may help explain why voters demand less redistribution than standard …

their effort, it will chose low redistribution and low taxes. In equilibrium effort will be high, the role of luck limited …

redistribution. We study the dynamic evolution of different economies in which redistributive policies, perceptions of fairness … inequality, redistribution and growth. We also show how different beliefs about fairness can keep two otherwise identical …, inequality and growth are jointly determined. We show how including fairness explains various observed correlations between …

simple dynamic model. A positive feedback from past to current levels of taxation and corruption arises either when wealth …

income distribution and the redistribution tastes of the government. When behavioral responses are concentrated along the …

relationship between the political influence of the two groups and the level of taxation, public investment, redistribution of … taxation is higher and the rate of growth lower, the more unequal is the distribution of wealth We present empirical results …