This paper sheds light on the relationship between income inequality and redistributive policies and provides possible guidance in the specification of empirica

This paper proposes an explanation for why universal suffrage has not implied larger rich-to-poor transfers of wealth. In the presence of borrowing constraints,

The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is

A widely accepted result, associated with Louis Kaplow and Steve Shavell, is that it is more costly to use legal rules to redistribute income than to use the ta

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