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Alberto Parmigiani

Alberto Parmigiani is a postdoctoral researcher at the Free University of Bolzano. He earned a PhD in Political Science from the London School of Economics in 2023. His research primarily analyzes the interplay between economic inequality and political influence in Western democracies. His personal website is: https://sites.google.com/ view/albertoparmigiani/home.
Income Inequality

Uninhibited Campaign Donations Risks Creating Oligarchy

Valentino Larcinese
In new research, Valentino Larcinese and Alberto Parmigiani find that the 1986 Reagan tax cuts led to greater campaign spending from wealthy individuals, who benefited the most from this policy. The authors argue that a very permissive system of political finance, combined with the erosion of tax progressivity, created the conditions for the mutual reinforcement of economic and political disparities. The result was an inequality spiral hardly compatible with democratic ideals.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

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