The distributional consequences of rent‐seeking.
We analyze the distributional effects of rent‐seeking via the financial sector in a model calibrated to US data. Rent‐seeking implies a misallocation of resources that increases wealth inequality among non‐rent‐seekers and for the whole economy. A deterioration in institutional quality implying more...
| Publicado en: | Economic Inquiry Vol. 59; no. 4; pp. 1616 - 1641 |
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| Autores principales: | , , , |
| Formato: | Artículo |
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Wiley-Blackwell
Oct2021
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=152634449&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 152634449 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Oct2021 vid: 59 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 152634449 10.1111/ecin.13009 ppf: 1616 ppct: 25 formats: fmt: @attributes: type: P size: 1.1MB tig: atl: The distributional consequences of rent‐seeking. aug: au: Angelopoulos, Angelos Angelopoulos, Konstantinos Lazarakis, Spyridon Philippopoulos, Apostolis affil: Department of Economics, Athens University of Economics and Business, Athens, Greece Subject of Economics, Adam Smith Business School, University of Glasgow, Glasgow, UK CESifo, Munich, Germany Economics Department, Lancaster University Management School, Lancaster, UK su: Income inequality Rent seeking Apartment leasing & renting sug: subj: Income inequality Lessors of residential buildings and dwellings (except social housing projects) Rent seeking Apartment leasing & renting keyword: conditional welfare changes rent‐seeking wealth distribution conditional welfare changes rent‐seeking wealth distribution ab: We analyze the distributional effects of rent‐seeking via the financial sector in a model calibrated to US data. Rent‐seeking implies a misallocation of resources that increases wealth inequality among non‐rent‐seekers and for the whole economy. A deterioration in institutional quality implying more rent‐seeking leads to welfare losses for non‐rent‐seekers, especially for those with higher earnings and initial wealth, because they are most affected by the deterioration of the aggregate economy. On the other hand, welfare gains are larger for rent seekers with higher earnings and wealth, who have an increased resource extraction capacity. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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