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An imperfect representative democracy political income redistribution in Latin America

Ezequiel Molina Walter Cont Natalia Porto Ricardo Bebczuk

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Resumen/Descripción – provisto por el repositorio digital
Although several papers in the political economy literature suggest a positive relationship between income inequality and redistribution, the data for Latin America does not support this claim. Countries with more income inequality also have less redistribution. This paper explores how the degree of imperfection in the political institutions influences equilibrium redistributive tax rates and income distributions. A citizen-candidate model is developed (Osborne and Slivinski, 1996 and Besley and Coate, 1997) in which candidates face a cost for representing other citizens in politics. Political-economic equilibria for diferent degrees of imperfection of the political system are derived and compared. In particular, two distinct cases are found. Countries where the cost of entry to politics is low can have higher redis tribution and lower inequality if the median run as a candidate or ,when there is a two candidate equilibria, redistribution and inequality could go either way. On the other hand, countries where the cost of entry is high will not be able to translate the will of the people into political action and will end up with little redistribution and high levels of inequality.
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Ciencias Económicas; economía política; distribución; desigualdad de ingresos; toma de decisiones

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Institución detectada Año de publicación Navegá Descargá Solicitá
No requiere 2009 SEDICI: Repositorio Institucional de la UNLP (SNRD) acceso abierto

Información

Tipo de recurso:

tesis

Idiomas de la publicación

  • inglés

País de edición

Argentina

Fecha de publicación

Información sobre licencias CC

https://creativecommons.org/licenses/by-nc-sa/2.5/ar/

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