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• W2185340055 abstract "Following the industrial revolution there has been a relentless upward trend in the size of the government both in terms of public services and the redistribution of income. Focusing on redistribution, I first review major political economy approaches to this subject, which combine utility maximization principles, voter behaviour, and different political institutions. I then consider different factors which are expected to influence the level of income redistribution in the economy, and model how changes in these factors would affect the political equilibrium tax rate. Using the median voter model in an environment subject to random economic shocks, I examine how changes in mean income, income distribution, variance of income, probability of finding employment and consumer tastes affect the politically optimal tax rate." @default.
• W2185340055 created "2016-06-24" @default.
• W2185340055 creator A5012210900 @default.
• W2185340055 date "2014-01-01" @default.
• W2185340055 modified "2023-09-27" @default.
• W2185340055 title "INCOME UNCERTAINTY AND THE RELATIVE SIZE OF GOVERNMENT" @default.
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• W2185340055 hasPublicationYear "2014" @default.
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