Please use this identifier to cite or link to this item: https://doi.org/10.48548/pubdata-1184
Resource typeWorking Paper
Title(s)Endogenous Redistributive Cycles - An Overlapping Generations Approach to Social Conflict and Cyclical Growth
DOI10.48548/pubdata-1184
Handle20.500.14123/1247
CreatorClemens, Christiane
Heinemann, Maik
AbstractThis 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 taxñtransferñscheme. The model draws from BÈnabou (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.
LanguageEnglish
KeywordsInequality; Growth; Political Cycles; Redistribution; Hopf Bifurcation; Hopf-Verzweigung; Wachstum; Umverteilung; Politischer Konjunkturzyklus
Year of publication in PubData2005
Publishing typeFirst publication
Publication versionPublished version
Date issued2005-07-06
Creation contextResearch
Published byMedien- und Informationszentrum, Leuphana Universität Lüneburg
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