The Political Economy of Redistribution under Democracy ∗

@inproceedings{Benhabib1993ThePE,
  title={The Political Economy of Redistribution under Democracy ∗},
  author={Jess Benhabib and Adam Przeworski},
  year={1993}
}
We ask what redistributions of income and assets are feasible in a democracy, given the initial assets and their distribution. The question is motivated by the possibility that if redistribution is insufficient for the poor or excessive for the rich, they may turn against democracy. In turn, if no redistribution simultaneously satisfies the poor and the wealthy, democracy cannot be sustained. Hence, the corollary question concerns the conditions under which democracy is sustainable. We find… CONTINUE READING