Three Essays on Economic Crises, Inequality, and Political Behavior

Three Essays on Economic Crises, Inequality, and Political Behavior PDF Author: Roman Liesch
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The academic literature offers various examples of how conflict over the distribution of resources influences elections, political preferences, and mass political action and as a consequence also everyday politics. The present dissertation explores such processes and illustrates with three examples how established theoretical models and newer ideas can be used to analyze political behavior. The first chapter uses data from many European Union member countries and shows that bad economic performance and especially rising unemployment correlates with lower levels of trust in political institutions. The theoretical model suggests that citizens, who are disappointed with the economy, reduce trust in political institutions. Further, more thorough analyses using the example of Spain show that a massive economic downturn heavily undermines the rustworthiness of representative political institutions. The second chapter analyzes how the income effects of policy reforms influence support for reform in the population. Data from a novel conjoint experiment in the United States shows that it matters how reforms influence one's own income. However, citizens also take into account how such reforms affect the average income. Further analyses suggest that this effect likely stems from American citizen's concern for how policy reforms influence the welfare of the poorest. The last contribution explores the question of what individuals do if they face inequality. Using data from a novel representative survey in the United States and Germany, which varies the randomly assigned inequality between two individuals, shows that they only incompletely equalize payoffs. We classify subjects based on their behavioral responses to inequality and find that the resulting typology helps predict which individuals support real-world policy interventions such as taxing the rich and welfare transfers to the poor. This dissertation thus contributes to the academic l.

Three Essays on Economic Crises, Inequality, and Political Behavior

Three Essays on Economic Crises, Inequality, and Political Behavior PDF Author: Roman Liesch
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Get Book Here

Book Description
The academic literature offers various examples of how conflict over the distribution of resources influences elections, political preferences, and mass political action and as a consequence also everyday politics. The present dissertation explores such processes and illustrates with three examples how established theoretical models and newer ideas can be used to analyze political behavior. The first chapter uses data from many European Union member countries and shows that bad economic performance and especially rising unemployment correlates with lower levels of trust in political institutions. The theoretical model suggests that citizens, who are disappointed with the economy, reduce trust in political institutions. Further, more thorough analyses using the example of Spain show that a massive economic downturn heavily undermines the rustworthiness of representative political institutions. The second chapter analyzes how the income effects of policy reforms influence support for reform in the population. Data from a novel conjoint experiment in the United States shows that it matters how reforms influence one's own income. However, citizens also take into account how such reforms affect the average income. Further analyses suggest that this effect likely stems from American citizen's concern for how policy reforms influence the welfare of the poorest. The last contribution explores the question of what individuals do if they face inequality. Using data from a novel representative survey in the United States and Germany, which varies the randomly assigned inequality between two individuals, shows that they only incompletely equalize payoffs. We classify subjects based on their behavioral responses to inequality and find that the resulting typology helps predict which individuals support real-world policy interventions such as taxing the rich and welfare transfers to the poor. This dissertation thus contributes to the academic l.

Three Essays on Political Institutions, Inequality, and Economic Growth

Three Essays on Political Institutions, Inequality, and Economic Growth PDF Author: Ling Shen
Publisher:
ISBN:
Category :
Languages : en
Pages : 132

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Three Essays on Economic Inequality

Three Essays on Economic Inequality PDF Author: Gustavo Nicolas Paez Salamanca
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Causes and Consequences of Income Inequality

Causes and Consequences of Income Inequality PDF Author: Ms.Era Dabla-Norris
Publisher: International Monetary Fund
ISBN: 1513547437
Category : Business & Economics
Languages : en
Pages : 39

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Book Description
This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.

Communities in Action

Communities in Action PDF Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
ISBN: 0309452961
Category : Medical
Languages : en
Pages : 583

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Book Description
In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.

In the Wake of the Crisis

In the Wake of the Crisis PDF Author: Olivier Blanchard
Publisher: MIT Press
ISBN: 0262526824
Category : Business & Economics
Languages : en
Pages : 251

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Book Description
Prominent economists reconsider the fundamentals of economic policy for a post-crisis world. In 2011, the International Monetary Fund invited prominent economists and economic policymakers to consider the brave new world of the post-crisis global economy. The result is a book that captures the state of macroeconomic thinking at a transformational moment. The crisis and the weak recovery that has followed raise fundamental questions concerning macroeconomics and economic policy. These top economists discuss future directions for monetary policy, fiscal policy, financial regulation, capital-account management, growth strategies, the international monetary system, and the economic models that should underpin thinking about critical policy choices. Contributors Olivier Blanchard, Ricardo Caballero, Charles Collyns, Arminio Fraga, Már Guðmundsson, Sri Mulyani Indrawati, Otmar Issing, Olivier Jeanne, Rakesh Mohan, Maurice Obstfeld, José Antonio Ocampo, Guillermo Ortiz, Y. V. Reddy, Dani Rodrik, David Romer, Paul Romer, Andrew Sheng, Hyun Song Shin, Parthasarathi Shome, Robert Solow, Michael Spence, Joseph Stiglitz, Adair Turner

The SAGE Encyclopedia of Political Behavior

The SAGE Encyclopedia of Political Behavior PDF Author: Fathali M. Moghaddam
Publisher: SAGE Publications
ISBN: 1483391159
Category : Philosophy
Languages : en
Pages : 1025

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Book Description
The SAGE Encyclopedia of Political Behavior explores the intersection of psychology, political science, sociology, and human behavior. This encyclopedia integrates theories, research, and case studies from a variety of disciplines that inform this established area of study.

Journal of Economic Literature

Journal of Economic Literature PDF Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 324

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Book Description


Political Capitalism

Political Capitalism PDF Author: Randall G. Holcombe
Publisher: Cambridge University Press
ISBN: 1108596126
Category : Political Science
Languages : en
Pages : 305

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Book Description
Problems associated with cronyism, corporatism, and policies that favor the elite over the masses have received increasing attention in recent years. Political Capitalism explains that what people often view as the result of corruption and unethical behavior are symptoms of a distinct system of political economy. The symptoms of political capitalism are often viewed as the result of government intervention in a market economy, or as attributes of a capitalist economy itself. Randall G. Holcombe combines well-established theories in economics and the social sciences to show that political capitalism is not a mixed economy, or government intervention in a market economy, or some intermediate step between capitalism and socialism. After developing the economic theory of political capitalism, Holcombe goes on to explain how changes in political ideology have facilitated the growth of political capitalism, and what can be done to redirect public policy back toward the public interest.

Scarcity, Conflicts, and Cooperation

Scarcity, Conflicts, and Cooperation PDF Author: Pranab Bardhan
Publisher: MIT Press
ISBN: 9780262261814
Category : Business & Economics
Languages : en
Pages : 324

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Book Description
This wide-ranging review of some of the major issues in development economics focuses on the role of economic and political institutions. Drawing on the latest findings in institutional economics and political economy, Pranab Bardhan, a leader in the field of development economics, offers a relatively nontechnical discussion of current thinking on these issues from the viewpoint of poor countries, synthesizing recent research and reflecting on where we stand today. The institutional framework of an economy defines and constrains the opportunities of individuals, determines the business climate, and shapes the incentives and organizations for collective action on the part of communities; Pranab Bardhan finds the institutional framework to be relatively weak in many poor countries. Institutional failures, weak accountability mechanisms, and missed opportunities for cooperative problem-solving become the themes of the book, with the role of distributive conflicts in the persistence of dysfunctional institutions as a common thread. Special issues taken up include the institutions for securing property rights and resolving coordination failures; the structural basis of power; commitment devices and political accountability; the complex relationship between democracy and poverty (with examples from India, where both have been durable); decentralization and devolution of power; persistence of corruption; ethnic conflicts; and impediments to collective action. Formal models are largely avoided, except in two chapters where Bardhan briefly introduces new models to elucidate currently under-researched areas. Other chapters review existing models, emphasizing the essential ideas rather than the formal details. Thus the book will be valuable not only for economists but also for social scientists and policymakers.