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Thomas Piketty, Gabriel Zucman The global rise in inequality creates social conflict and fertile ground for populism (Guriev and Papaioannou 2020, see also the Vox debate on populism). Many even wonder whether the current levels of wealth concentration are sustainable and whether governments should intervene to correct them (Alvaredo et al. 2017, Chetty et al. 2017 and Bozio et al. 2020). However, the political feasibility of redistribution interventions depends, among other things, on the electoral benefits politicians accrue from implementing them. Does redistribution lead to political gains? Are these long-lasting? Why? While the idea that successful redistribution translates into lasting electoral gains sounds reasonable, surprisingly little empirical evidence supports it. If anything, empirical work suggests that the electoral impact of redistributive public policies may be short-lived (Bechtel and Hainmueller 2011).

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