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dc.contributor.authorDas, Satya Prasannaen
dc.contributor.authorGhate, Chetanen
dc.date.accessioned2009-01-28T15:39:02Z-
dc.date.available2009-01-28T15:39:02Z-
dc.date.issued2002-
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
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x310en
dc.subject.jelE62en
dc.subject.jelD31en
dc.subject.jelP16en
dc.subject.jelO40en
dc.subject.ddc330en
dc.subject.keywordMedian Voteren
dc.subject.keywordEndogenous Growthen
dc.subject.keywordWealth Distributionen
dc.subject.keywordDistributive Conflicten
dc.subject.keywordRedistributive Policyen
dc.subject.stwEinkommensverteilungen
dc.subject.stwVerteilungstheorieen
dc.subject.stwOptimale Besteuerungen
dc.subject.stwNeue Wachstumstheorieen
dc.subject.stwEinkommensumverteilungen
dc.subject.stwMedian Voteren
dc.subject.stwTheorieen
dc.titleEndogenous distribution, politics, and growth-
dc.typeWorking Paperen
dc.identifier.ppn849529689en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp310en

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