Corruption, inequality and fairness
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Author
Contributions
- Angeletos, Marios - Contributor
- Massachusetts Institute of Technology. Dept. of Economics - Contributor
Publication
2005 - Massachusetts Institute of Technology, Dept. of Economics, Cambridge, MA, Massachusetts
Language
English
Word Count
6,000 words, Guess
Page Count
24 pages
Identifiers
- Internet Archivecorruptioninequa00ales
- OCLC Control Number60569779
- Open LibraryOL24641698M
Description
Bigger governments raise the possibilities for corruption; more corruption may in turn raise the support for redistributive policies that intend to correct the inequality and injustice generated by corruption. We formalize these insights in a simple dynamic model. A positive feedback from past to current levels of taxation and corruption arises either when wealth originating in corruption and rent seeking is considered unfair, or when the ability to engage in corruption is unevenly distributed in the population. This feedback introduces persistence in the size of the government and the levels of corruption and inequality. Multiple steady states exist in some cases. Keywords: Corruption, rent seeking, inequality, fairness, redistribution, political economy. JEL Classifications: D31, E62, H2, P16.
Subjects
Series Statement
- Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 05-16
- Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 05-16.
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