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"Political Biases Against Public Investment and Growth"

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Author Info

  • Glazer, A.
  • Gradstein, M.

Abstract

Public investment can cause the preferences of the decisive voter in one period to differ from preferences of the decisive voter in an earlier period. Forward-looking voters may therefore vote against a policy that would increase the incomes of all persons. The effect may arise when increased public investment causes such a large increase in redistribution in future periods that the welfare of the decisive voter (or his descendants) in earlier periods declines.

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Bibliographic Info

Paper provided by California Irvine - School of Social Sciences in its series Papers with number 98-99-5.

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Length: 14 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:fth:calirv:98-99-5

Contact details of provider:
Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.

Related research

Keywords: INVESTMENTS ; PUBLIC EXPENDITURES ; SOCIAL CHOICE;

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