| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w24900
|
| 来源ID | Working Paper 24900
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| Inequality Aversion, Populism, and the Backlash Against Globalization |
| Lubos Pastor; Pietro Veronesi
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| 发表日期 | 2018-08-13
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| 出版年 | 2018
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| 语种 | 英语
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| 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 | Microeconomics
; Welfare and Collective Choice
; International Economics
; Globalization and International Relations
; Financial Economics
; Portfolio Selection and Asset Pricing
; Financial Markets
; Other
; Economic Systems
|
| URL | https://www.nber.org/papers/w24900
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582574
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推荐引用方式
GB/T 7714 |
Lubos Pastor,Pietro Veronesi. Inequality Aversion, Populism, and the Backlash Against Globalization. 2018.
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文件名：
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w24900.pdf
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格式：
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Adobe PDF
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