inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital … 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 …

An influential paper by Berg et al., 'Redistribution, inequality, and growth: new evidence', uses the SWIID data to … examine the impact of inequality and redistribution on growth in both developing and developed countries. It finds that while … inequality is harmful for growth, redistribution does not hamper growth. This comment demonstrates that the redistribution and …

and by The Standardized World Income Inequality Database are seen to be correlated with economic diversification, the rule … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …

addition to the inequality-growth relationship, we examine the direct influence of effective redistribution. When net … inequality is held constant, public redistribution negatively affects economic growth. Redistribution hampers investment and … net inequality, the overall impact of redistribution is insignificant. Whereas this result stems mainly from advanced …

inequality from net inequality and allows us to calculate redistributive transfers for a large number of country …-year observations. Our main findings are: 1. More unequal societies tend to redistribute more. 2. Lower net inequality is robustly … correlated with faster and more durable growth, for a given level of redistribution. 3. Redistribution appears generally benign …

introduces a market for bureaucratic capital, which explains why in equilibrium, the government allows this unethical, yet not …

Greater democracy increases the voice of the people, creating political contestation and participation, and leading to … pro-labor institutional changes, higher wages and lower inequality. Political voice may therefore have a redistributive … effect that is independent of redistribution through public finances. Using data from Britain and Ireland during a time when …