The distributional consequences of rent‐seeking
نویسندگان
چکیده
We analyze the distributional effects of rent-seeking via financial sector in a model calibrated to US data. Rent-seeking implies misallocation resources that increases wealth inequality among non-rent-seekers and for whole economy. A deterioration institutional quality implying more leads welfare losses non-rent-seekers, especially those with higher earnings initial wealth, because they are most affected by aggregate On other hand, gains larger rent seekers who have an increased resource extraction capacity.
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ژورنال
عنوان ژورنال: Economic Inquiry
سال: 2021
ISSN: ['0043-3640', '1465-7295', '0095-2583']
DOI: https://doi.org/10.1111/ecin.13009