director's lax Archives - IREF Europe https://en.irefeurope.org/tag/directors-lax/ Independent research and policy analysis on fiscal, monetary, and regulatory issues in Europe Mon, 03 Dec 2007 11:00:38 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://en.irefeurope.org/wp-content/uploads/sites/3/2026/04/IREF-LinkedIn-Profile-DarkBlue-scaled.png director's lax Archives - IREF Europe https://en.irefeurope.org/tag/directors-lax/ 32 32 Aaron Director’s Law of Public Income Redistribution: A Reappraisal through the Median Voter Model https://en.irefeurope.org/publications/working-paper-series/article/aaron-director-s-law-of-public-income-redistribution-a-reappraisal-through-the-median-voter-model/?utm_source=rss&utm_medium=rss&utm_campaign=aaron-director-s-law-of-public-income-redistribution-a-reappraisal-through-the-median-voter-model https://en.irefeurope.org/publications/working-paper-series/article/aaron-director-s-law-of-public-income-redistribution-a-reappraisal-through-the-median-voter-model/#respond Mon, 03 Dec 2007 11:00:38 +0000 https://en.irefeurope.org/publications/working-paper-series/aaron-director-s-law-of-public-income-redistribution-a-reappraisal-through-the-median-voter-model/ The median-voter hypothesis has been central to an extensive literature on the relationship between income inequality and public income redistribution. Knowing that the real-world market income distributions are skewed to the right, a majority of individuals earns an income that is strictly lower than the mean; the economic theory of democracy predicts a radical redistribution in favour of the poor and middle class. But a large empirical literature looking at explicit redistributive social transfers shows that it is rather the exception than the norm.

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