Econometric Society 57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

Home Page
Programme
Papers
Presenters
 
Contact Us
Search this CD-ROM for: View the Latest Programme Information

GROWING INTO AND OUT OF SOCIAL CONFLICT


Category: Economic Theory
Political Economy III
Tuesday 27th August 2002, 09:30 - 11:00, Room: 4.2
Session Chair(s): Philipp Harms, University of Konstanz, GERMANY

Presenter(s): Harms, Philipp

Co-Author(s): Zink, Stefan

Keyword(s): Borrowing constraints, Inequality, Kuznets-curve, Political economy, Redistribution, Revolution

JEL(s): D31, D74, O11, P16

Abstract:

We present a model of growth and distributional conflict that implies a non-monotonic relationship between average wealth and the likelihood of radical redistribution: while the net benefits of redistribution for members of the poor class are small at low stages of development, a shift towards egalitarianism dramatically improves agents' income prospects once an intermediate level of per-capita wealth is reached. As the economy grows further, the incentive to challenge the existing social order decreases again and eventually vanishes. This nonmonotonicity captures the observation that historical shifts to radically redistributive policies frequently took place after extended periods of economic growth.


View Paper

View PDF File

Filesize: 281 kb
Find this file in the
\Papers\810\
folder of this CD-ROM.

Latest Details
View this paper in the
online Programme

Customise
Customise your Event Programme to include your favourite papers, and email details of papers to friends and colleagues with the
online Programme


Paper Reference Number: 810

TOP OF PAGE
HOME
Econometric Society
57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

WebMeets.com Event Management LLP
Congress Home Page: http://www.eea-esem2002.it/
Programme Home Page: http://www.eea-esem.com/EEA-ESEM/ESEM2002/Prog/
Programme and CD generated with WebMeets.com Programme Management Software
Congress Programme Organized by FEEM

This page was created on Tuesday, 9th July 2002 at 19:22 GMT.