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http://hdl.handle.net/10419/18049
  

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dc.contributor.authorDas, Satya Prasannaen_US
dc.contributor.authorGhate, Chetanen_US
dc.date.accessioned2009-01-28T15:39:02Z-
dc.date.available2009-01-28T15:39:02Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/18049-
dc.description.abstractThis paper generalizes the analysis of distributive con?ict, politics, and growth developed by by Alesina-Rodrik (1994). We construct a heterogenous-agent framework in which both growth and the distribution of wealth are endogenous. Due to adjustments in the distribution of wealth, the composition of factor ownership across households equalizes in the long run. This implies that the optimal tax rate is the same for all households and equals the growth maximizing tax rate. Hence, there is no distributive con?ict in the long run. When the model is augmented with a non-political redistributive policy, the model predicts that long run growth exhibits a negative monotonic relationship with respect to this policy, i.e., a redistributive policy that leads to a more equitable wealth distribution unambiguously reduces growth in the long run.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDIW-Diskussionspapiere 310en_US
dc.subject.jelE62en_US
dc.subject.jelD31en_US
dc.subject.jelP16en_US
dc.subject.jelO40en_US
dc.subject.ddc330en_US
dc.subject.keywordMedian Voteren_US
dc.subject.keywordEndogenous Growthen_US
dc.subject.keywordWealth Distributionen_US
dc.subject.keywordDistributive Conflicten_US
dc.subject.keywordRedistributive Policyen_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwVerteilungstheorieen_US
dc.subject.stwOptimale Besteuerungen_US
dc.subject.stwNeue Wachstumstheorieen_US
dc.subject.stwEinkommensumverteilungen_US
dc.subject.stwMedian Voteren_US
dc.subject.stwTheorieen_US
dc.titleEndogenous distribution, politics, and growthen_US
dc.typeWorking Paperen_US
dc.identifier.ppn36833144Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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DIW-Diskussionspapiere

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