The median voter hypothesis is important to endogenous growth theories because it provides the political mechanisms through which voters in more unequal countries re-distribute a greater proportion of income and thus (it is argued), by blunting incentives, reduce the country's growth rate. But he hypothesis was never properly tested because of lack of data on the distribution of (pre-tax and transfer) factor income across households, and hence on...
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INFORMATION
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1999/12/31
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Document de travail de recherche sur les politiques
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WPS2264
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1
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1
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2010/07/01
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Do more unequal countries redistribute more? does the median voter hypothesis hold?
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factor income
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