• Twitter
  • Search
e-axes

360° Econ View

The issues, the debates, and the research

  • Home
  • Useful Data
  • About
  • Contact
  • Home
  • Useful Data
  • About
  • Contact

Inequality

The revolts of 2019

Posted by e-axes on December 11, 2019

Read Next →

Inequality

Rethinking the Fight Against Inequality

Inequality

Are Billionaires Paying Taxes in France and the US?

Inequality

Urban Job Ladders and Market Power: Dual Engines of Inequality

What is driving the 2019 revolts?

Revolutions of 2019, I think, presage a new breed of globalist revolutions. They are not part of the same and easily recognizable ideological pattern. They respond to local causes, but have a global element in the ability of communicate with each other (Catalan protesters imitated blockade of public infrastructure started by the Hong Kong protesters). Perhaps more importantly, they encourage each other: if Chileans are able to stand up, why not Colombians? If there is a single ideological glue to them, it is, I think, desire to have one’s voice heard. At the time of tectonic political shifts where politicians and old ideologies have lost much of their credibility, a thing which has not lost its credibility is the desire and the right to be heard and counted. It is in a sense a democratic protest but since standard two-party democracies have lost much of their shine after 2008, the revolts have trouble defining themselves in an ideological and political sense.

Revolution Number 9. Why the world is in uproar right now
By: Branko Milanovic- CUNY

A model for political conflict

Gennaioli and Tabellini developed a model of class conflict with endogenous voters identities. They then explored time patterns in US survey data in order to test the model’s predictions. They conclude:

When redistributive conflict is strong, less educated and poorer voters identify with low income people. As a result, they form stereotypes of excessively low social mobility, and demand large redistribution. The reverse occurs for more educated and richer voters. If instead conflict over culture or globalization becomes strong, less educated and poorer voters identify with social conservatives or losers from trade. Due to this identity switch, their views on these issues become more radical, while views on rich-poor redistribution more moderate. Critically, economic shocks hitting socially conservative or trade averse strata enhance similarity within these groups. As a result, such shocks may favor identification away from income class, reducing the demand for redistribution. More generally, by inducing specific belief distortions, endogenous social identity alters and propagates the effects of economic and social shocks.


Identity, Beliefs, and Political Conflict
Authors: Nicola Gennaioli, Guido Tabellini
From: Università Bocconi

Print Friendly, PDF & Email

e-axes

Read Next →

Inequality

Rethinking the Fight Against Inequality

Inequality

Are Billionaires Paying Taxes in France and the US?

Inequality

Urban Job Ladders and Market Power: Dual Engines of Inequality

Comments are Closed

Account

  • Login

Subscriptions

You are not logged in.
Login
Subscribe

Subscriptions

Subscribe

Most Read

  • Gold, the Dollar, and the Geopolitics of Global Reserves
  • From Information to Liquidity: How Stablecoins Reshape Bank Intermediation
  • China and the Political Economy of Critical Minerals
  • Public Debt Maturity and Macroeconomic Policy Transmission
  • Bank Heterogeneity and the Transmission of Monetary Tightening
  • AI, Knowledge and the Future of Human Expertise
  • New and Noteworthy Books in Economics (September)
  • AI Valuations, Capital Investment, and Growth
  • AI and the Natural Rate: Puzzle or Policy Challenge?
  • Fertility Falls Everywhere But Will Growth Suffer?

Sections

  • AI
  • Banking
  • Books
  • Brexit
  • CBDC
  • China
  • Climate
  • COVID-19
  • Crypto
  • Demographics
  • Economic Growth
  • Economic Science
  • Economics of Information
  • Emerging Markets
  • Eurozone
  • Financial Markets
  • Geoeconomics
  • Geopolitics
  • India
  • Inequality
  • Inflation
  • International Economics
  • Macro
  • Markets
  • Monetary Policy
  • Oil
  • Politics & Economics
  • Taxation
  • Tech
  • Trade
  • U.S.
  • Ukraine-Russia War
  • Uncategorized
  • Useful Data

© 2026 e-axes

  • Privacy Policy & Terms of Service

Theme by Anders Norén

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.
Cookie settingsAccept
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
SAVE & ACCEPT