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The author studies the persistence of inequality and inefficient governance in a physical capital accumulation model with perfect information, missing credit markets, and endogenous barriers to entry. When access to investment opportunities is regulated, rent-seeking entrepreneurs form...
Persistent link: https://www.econbiz.de/10012749509
Persistent link: https://www.econbiz.de/10010226472
This study used the most recent World Values Survey dataset to determine whether Christian and Muslim views on the acceptability of taxing the rich and subsidizing the poor was an essential feature of democracy. The sample size included more than 23,000 individuals from more than 50 countries....
Persistent link: https://www.econbiz.de/10014033077
Did the Prussian three-class franchise, which politically over-represented the economic elite, affect policy-making? Combining MP-level political orientation, derived from all roll call votes in the Prussian parliament (1867-1903), with constituency characteristics, we analyze how local vote...
Persistent link: https://www.econbiz.de/10012065064
redistribution were consolidated in countries with political democracy and established interest representation. They were lowest in …
Persistent link: https://www.econbiz.de/10014142681
political power at the expenses of the median voter. In particular, investments in lobbying activities allow the rich to obtain … variable taxes and lobbying. In addition, it is established the existence of a transitional dynamics featuring convergence to a … balanced growth path, characterized by constant taxes and lobbying (and a constant growth rate of consumption and capital …
Persistent link: https://www.econbiz.de/10014461501
Empirical studies have shown that preferences for redistribution are significantly correlated with expectations of … significantly and positively affects preferences for redistribution. On the other hand, living in an area where most citizens do not … stigmatize rent seeking, makes men more favourable to redistribution, which may be seen as a social equalizer in an unfair …
Persistent link: https://www.econbiz.de/10010381041
redistribution policies. The interaction of the two effects has so far not been analyzed in isolation. We find that the direction of … and redistribution levels. …
Persistent link: https://www.econbiz.de/10010365909
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/10010366191
We investigate the geographical concentration of representatives and the distribution of fiscal transfers both theoretically and empirically. We develop a model which predicts that funds to an area are positively correlated with the number of representatives residing in that area. Our empirical...
Persistent link: https://www.econbiz.de/10010489270