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Redistribution, Taxes, and the Median Voter

Marco Bassetto and Jess Benhabib

No 78, 2006 Meeting Papers from Society for Economic Dynamics

Abstract: 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

Keywords: Median voter; gorman aggregation; capital income taxes (search for similar items in EconPapers)
JEL-codes: H21 H23 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-cdm, nep-pbe, nep-pol and nep-pub
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Citations: View citations in EconPapers (51)

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Journal Article: Redistribution, Taxes and the Median Voter (2006) Downloads
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