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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...
Persistent link: https://www.econbiz.de/10013071803
Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers …
Persistent link: https://www.econbiz.de/10014123892