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...

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Bibliographic Details

Published in:	Economic Inquiry Vol. 59; no. 4; pp. 1616 - 1641
Main Authors:	Angelopoulos, Angelos, Angelopoulos, Konstantinos, Lazarakis, Spyridon, Philippopoulos, Apostolis
Format:	Article
Published:	Wiley-Blackwell Oct2021
Subjects:	Income inequality Rent seeking Apartment leasing & renting
Online Access:	View this record in EBSCOhost