In a recent article published in World Development, SPP Associate Professors Thilo Bodenstein and Achim Kemmerling take a look at the paradox of redistribution in international aid. Bodenstein and Kemmerling revisit the well-known, and somewhat controversial, paradox of redistribution in rich welfare states: the more you target social policies for the poor, the less you spend on them.
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The George Soros Visiting Chair at the School of Public Policy at CEU was established to celebrate the 80th birthday of George Soros, the founder of CEU and of SPP, and the Honorary Chairman of the CEU Board of Trustees. It is funded by generous donations from his friends and family. The position is awarded to scholars or practitioners who have demonstrated outstanding academic or professional achievement in the academic, professional, journalistic, political, or civic world of public policy.
Joining the SPP resident faculty this year, Assistant Professor Anand Murugesan is curious about how institutions, both formal and informal, influence economic behavior. “In the field of economics, we’ve been good at understanding how markets allocate resources and how incentives affect individual decision-making,” Murugesan explains. “But we are only beginning to explore how prior models with low explanatory power start to perform better when we account for institutions like law, power structures, and culture.”
“There is a consensus among empirical social scientists that there is no statistically significant relationship between income inequality and the likelihood of democratization. We wanted to reconsider that link,” explained SPP Associate Professor Michael Dorsch.
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