The Fiscal Politics of Big Governments: Do Coalitions Matter?
Part of book or chapter of bookEnglishOPEN
Lambertini, Luisa; Azariadis, Costas;
Publisher: MIT Press
Subject: Fiscal Policy, Government expenditures
This paper uses a closed voting rule to explain how gradual changes in the socio-economic structure of developed societies shift political coalitions and lead to rapid expansions of transfer programs. Equilibria in a lifecycle economy with three homogeneous groups of vo... View more