Acemoglu, Daron; Robinson, James Alan; Naidu, Suresh; … - National Bureau of Economic Research (NBER) - 2013
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … to be realized when democracy is captured by the richer segments of the population; when it caters to the preferences of …