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• W61833836 abstract "The link between income inequality and governmental redistribution is still subject to intense research and debate as it afiects a wide range of issues in international and comparative political economy. Starting with the medianvoter-hypothesis, a plethora of theoretical models have been developed during the last three decades to identify and explain possible causal relationships. The empirical evidence so far, however, has been mixed. The aim of this paper is to review the existing literature on inequality and redistribution, to explicate the theoretical causal mechanisms identifled so far, and to provide a comprehensive, rigorous empirical test that overcomes some of the shortcomings of previous empirical studies. It extends the literature by using more precise measures of redistribution. Using panel data on 23 OECD countries over the time period of 1971{2005, we flnd robust evidence that income inequality is indeed associated with more redistribution. Most importantly, we flnd evidence for Director’s law: income is redistributed from the rich and from the bottom 20 per cent of the income distribution towards the middle class." @default.
• W61833836 created "2016-06-24" @default.
• W61833836 creator A5005646512 @default.
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• W61833836 date "2008-01-01" @default.
• W61833836 modified "2023-09-26" @default.
• W61833836 title "Income Inequality, Redistributional Spending & Director's Law { An Empirical Investigation" @default.
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