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- W2891894567 abstract "We study the relationship between politics and economic growth in a simple model of endogenous growth with distributive conflict among agents endowed with varying capital/labor shares. We establish several results regarding the factor ownership of the median individual and the level of taxation, redistribution, and growth. Policies that maximize growth are optimal only for a government that cares solely about pure capitalists. The greater the inequality of wealth and income, the higher the rate of taxation, and the lower growth. We present empirical results that show that inequality in land and income ownership is negatively correlated with subsequent economic growth." @default.
- W2891894567 created "2018-09-27" @default.
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- W2891894567 date "1991-03-01" @default.
- W2891894567 modified "2023-09-27" @default.
- W2891894567 title "Distributive Politics and Economic Growth" @default.
- W2891894567 hasPublicationYear "1991" @default.
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