Redistribution, taxes, and the median voter
We study a simple model of production, accumulation, and redistribution, where agents are heterogeneous in their initial wealth, and a sequence of redistributive tax rates is voted upon. Though the policy is infinite-dimensional, we prove that a median voter theorem holds if households have identica...
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| Veröffentlicht in: | Review of economic dynamics 2006-04, Vol.9 (2), p.211-223 |
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| container_end_page | 223 |
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| container_issue | 2 |
| container_start_page | 211 |
| container_title | Review of economic dynamics |
| container_volume | 9 |
| creator | Bassetto, Marco Benhabib, Jess |
| description | We study a simple model of production, accumulation, and redistribution, where agents are heterogeneous in their initial wealth, and a sequence of redistributive tax rates is voted upon. Though the policy is infinite-dimensional, we prove that a median voter theorem holds if households have identical, Gorman aggregable preferences; furthermore, the tax policy preferred by the median voter has the “bang-bang” property. |
| doi_str_mv | 10.1016/j.red.2006.02.001 |
| format | Article |
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| ispartof | Review of economic dynamics, 2006-04, Vol.9 (2), p.211-223 |
| issn | 1094-2025 1096-6099 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_36472055 |
| source | Elsevier ScienceDirect Journals |
| subjects | Capital income taxes Capital returns Economic models Fiscal policy Gorman aggregation Income redistribution Income tax Income taxes Mathematical methods Median voter Political economy Redistribution Studies Voters Voting behaviour |
| title | Redistribution, taxes, and the median voter |
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