Critically evaluate the Meltzer and Richard (1981)’s model (Political Economy)

May 16, 2023May 16, 2023 Discipline: Economics

One of the theoretical predictions of Meltzer and Richard (1981)’s model is that the
amount of redistribution in a democracy should depend on the degree of income
inequality. The empirical evidence, however, does not always match this prediction.
What explanations do you find most plausible for explaining the discrepancies
between the theoretical prediction and the empirical evidence? Write a short essay
that reviews the empirical evidence on this topic.

– expected to summarise and briefly compare, contrast, or criticise academic
articles on the topic considered. For example, what ideas, results or perspectives have these
articles advanced? What are the main implications of their findings? Are the conclusions drawn
in these articles in general agreement or in contrast with each other?

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