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  1. A theory of political entrenchment
    Autor*in: Saint-Paul, Gilles; Ticci, Davide; Vindigni, Andrea
    Erschienen: 2012
    Verlag:  Centre for Economic Policy Research, London

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    W 32 (8960)
    Fernleihe:
    uneingeschränkte Fernleihe, Kopie und Ausleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    Schriftenreihe: Array ; 8960
    Schlagworte: Parteipolitik; Umverteilung; Wahlsystem; Soziale Ungleichheit; Neue politische Ökonomie; Dynamische Wirtschaftstheorie; Theorie
    Umfang: 49 S.
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    Parallel als Online-Ausg. erschienen
  2. A theory of political entrenchment
    Autor*in: Saint-Paul, Gilles; Ticchi, Davide; Vindigni, Andrea
    Erschienen: 2012
    Verlag:  IZA, Bonn

    We develop a theory of endogenous political entrenchment in a simple two-party dynamic model of income redistribution with probabilistic voting. A partially self-interested left-wing party may implement (entrenchment) policies reducing the income of... mehr

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 4 (6473)
    Fernleihe:
    keine Fernleihe

     

    We develop a theory of endogenous political entrenchment in a simple two-party dynamic model of income redistribution with probabilistic voting. A partially self-interested left-wing party may implement (entrenchment) policies reducing the income of its own constituency, the lower class, in order to consolidate its future political power. Such policies increase the net gain that low-skill agents obtain from income redistribution, which only the Left (but not the Right) can credibly commit to provide, and therefore may help offsetting a potential future aggregate ideological shock averse to the left-wing party. We demonstrate that political entrenchment by the Left occurs only if incumbency rents are sufficiently high and that low-skill citizens may vote for this party even though they ratio-ally expect the adoption of these policies. We also discuss the case where the left-wing party may have the incentive to ex-ante commit to not pursue entrenchment policies once in power. Finally, we show that, in a more general framework, the entrenchment policies can be implemented also by the right-wing party. The comparative statics analyzes the effects of state capacity, a positive bias of voters for one party and income inequality on the incentives of the incumbent party to pursue entrenchment policies. The importance of our theory for constitutionally legislated term limits is also discussed. The theory sheds light on why left-wing parties or politicians often support liberal immigration policies of unskilled workers, are sometime in favor of free trade with less developed economies and of globalization more generally, or fail to reform plainly "dysfunctional" public educational systems damaging the lower classes. -- political entrenchment ; constituencies ; inequality ; inefficient redistribution ; checks and balances ; political rents ; state fiscal capacity

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/58819
    Schriftenreihe: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 6473
    Schlagworte: Parteipolitik; Umverteilung; Wahlsystem; Soziale Ungleichheit; Neue politische Ökonomie; Dynamische Wirtschaftstheorie; Theorie
    Umfang: Online-Ressource (PDF-Datei: 49 S., 373,15 KB)
  3. A theory of political entrenchment
    Autor*in: Saint-Paul, Gilles; Ticchi, Davide; Vindigni, Andrea
    Erschienen: 2012

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: IDEI working papers ; 703
    Schlagworte: Parteipolitik; Umverteilung; Wahlsystem; Soziale Ungleichheit; Neue politische Ökonomie; Dynamische Wirtschaftstheorie; Theorie
    Umfang: Online-Ressource (PDF-Datei: 49 S.)