|
EconStor >
Leuphana Universität Lüneburg >
Institut für Volkswirtschaftslehre, Leuphana Universität Lüneburg >
Working Paper Series in Economics, Leuphana Universität Lüneburg >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/28127
|
| | |
| Title: | | Endogenous redistributive cycles: an overlapping generations approach to social conflict and cyclical growth  |
| Authors: | | Clemens, Christiane Heinemann, Maik |
| Issue Date: | | 2005 |
| Series/Report no.: | | University of Lüneburg working paper series in economics 5 |
| Abstract: | | This paper discusses the emergence of endogenous redistributive cycles in a stochastic growth model with incomplete asset markets and heterogeneous agents, where agents vote on the degree of progressivity in the tax.transfer.scheme. The model draws from Bénabou (1996) and ties the bias in the distribution of political power to the degree of inequality in the society, thereby triggering redistributive cycles which then give rise to a nonlinear, cyclical pattern of savings rates, growth and inequality over time. |
| JEL: | | D31 E62 O41 P16 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Paper Series in Economics, Leuphana Universität Lüneburg
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/28127
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|