Frijters, Paul and Foster, Gigi (2015) Rising inequality: a benign outgrowth of markets or a symptom of cancerous political favours? Australian Economic Review, 48 (1). pp. 67-75. ISSN 0004-9018
Full text not available from this repository.Abstract
Is the rise in inequality in Australia due to global changes in the distribution of marginal productivity or changes in the allocation of political favours? This article lays out the arguments for both views. Looking at the tax and subsidy changes that favour the rich, and considering that almost all the 200 richest Australians look like the beneficiaries of political favours rather than innovators or superstars, the article concludes that inequality is probably increasing due to changes in the political realm. The discussion outlines a research agenda and possible counter-moves, such as more direct democracy and having open markets for political favours.
| Item Type: | Article |
|---|---|
| Official URL: | http://onlinelibrary.wiley.com/journal/10.1111/(IS... |
| Additional Information: | © 2015 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research |
| Divisions: | Centre for Economic Performance |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HN Social history and conditions. Social problems. Social reform |
| Date Deposited: | 07 Feb 2018 15:24 |
| Last Modified: | 12 Dec 2024 01:02 |
| URI: | http://eprints.lse.ac.uk/id/eprint/86673 |
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