Inefficient Redistribution
نویسندگان
چکیده
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منابع مشابه
Division of the Humanities and Social Sciences California Institute of Technology Pasadena, California 91125 an Explanation of Inefficient Redistribution: Transfers Insure Cohesive Groups
Redistributive policies often sustain inefficient economic sectors. Economists routinely argue that governments should let the sectors collapse, and compensate the affected agents. We explain why governments may instead prefer the inefficient redistribution. If income shocks in a given sector are more correlated than in the rest of the economy, and redistribution is related to individuals’ inco...
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James A. Robinson is associate professor of political science at the University of California, Berkeley. Recent publications include the co-authored articles “Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution,” Quarterly Journal of Economics 118; “A Theory of Political Transitions,” American Economic Review 91; and “Inefficient Redistribution,...
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