Populist Policies in the Transition to Democracy

  title={Populist Policies in the Transition to Democracy},
  author={Daniel F. Mejia and Carlos Esteban Posada},
This paper develops a political economy model that provides an explanation as for why ruling elites in oligarquic societies may rely on income redistribution to the poor (the masses) in order to prevent them from attempting a revolution. We refer to this kind of redistribution as populist redistribution because, first it does not increase the poor’s… CONTINUE READING