| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP13107
|
| DP13107 Inequality Aversion, Populism, and the Backlash Against Globalization |
| Luboš Pástor; Pietro Veronesi
|
| 发表日期 | 2018-08-09
|
| 出版年 | 2018
|
| 语种 | 英语
|
| 摘要 | Motivated by the recent rise of populism in western democracies, we develop a tractable equilibrium model in which a populist backlash emerges endogenously in a strong economy. In the model, voters dislike inequality, especially the high consumption of ``elites." Economic growth exacerbates inequality due to heterogeneity in preferences, which generates heterogeneity in returns on capital. In response to rising inequality, rich-country voters optimally elect a populist promising to end globalization. Equality is a luxury good. Countries with more inequality, higher financial development, and trade deficits are more vulnerable to populism, both in the model and in the data. |
| 主题 | Financial Economics
; International Macroeconomics and Finance
; International Trade and Regional Economics
; Public Economics
|
| 关键词 | Inequality
Populism
Globalization
Brexit
Trump
|
| URL | https://cepr.org/publications/dp13107-2
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541910
|
推荐引用方式
GB/T 7714 |
Luboš Pástor,Pietro Veronesi. DP13107 Inequality Aversion, Populism, and the Backlash Against Globalization. 2018.
|
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