Inequality Aversion, Populism, and the Backlash Against Globalization
CMSA 20 Garden Street, Cambridge, MA, United StatesSpeaker: Pietro Veronesi (University of Chicago) Title: Inequality Aversion, Populism, and the Backlash Against Globalization Abstract: Motivated by the recent rise of populism in western democracies, we develop a model in which a populist backlash emerges endogenously in a growing economy. In the model, voters dislike inequality, especially the high consumption of "elites." Economic growth exacerbates inequality due to […]