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of the quality of a democracy. The main novelty of the paper lies in its methodology: it applies to a single country … main finding is that a higher level of income inequality impacts negatively on citizens' satisfaction with democracy and …
Persistent link: https://www.econbiz.de/10011729102
One cannot doubt the ubiquitous lack of hope and confidence in the so-called democratic institutions by the large … majority of people. The fundamental reason thereof is the blatant contradiction between the principle of democracy, promoting … Europe, of the pre-revolution era2. What is at stake is to understand the paramount failure of political institutions to meet …
Persistent link: https://www.econbiz.de/10011588170
This paper investigates the macroeconomic and social determinants of voting behavior, and especially of political polarization, in 20 advanced countries using annual data ranging from 1970 to 2016 and covering 291 parliamentary elections. Using a panel estimation approach and rolling...
Persistent link: https://www.econbiz.de/10012234679
Based on the concepts of justice by Hayek, Rawls and Buchanan we argue that the growing political dissatisfaction in industrialized countries is rooted in the asymmetric pattern in monetary policies since the 1980s for two reasons. First, the structurally declining interest rates and the...
Persistent link: https://www.econbiz.de/10011750133
Based on the concepts of justice by Hayek, Rawls and Buchanan we argue that the growing political dissatisfaction in industrialized countries is rooted in the asymmetric pattern in monetary policies since the 1980s for two reasons. First, the structurally declining interest rates and the...
Persistent link: https://www.econbiz.de/10012930616
freedom is frequently associated with electoral democracy, developments in countries such as Hungary, Poland, Turkey and … Russia, where elected populist leaders with authoritarian tendencies rule, suggest that electoral democracy may not be the … provide a firmer foundation. We investigate empirically how electoral democracy and judicial independence relate to personal …
Persistent link: https://www.econbiz.de/10011995261
This survey documents the different arguments discussed in the academic literature on whether and how economic inequality and the emergence and stability of democratic political systems are connected. While early research in this domain has often focused on new and emerging democracies, this...
Persistent link: https://www.econbiz.de/10012146986
information from five Varieties of Democracy indices. K-means country clusters are similar but not entirely identical to both k …-medians clusters and arbitrary groups formed using only one measure, namely the liberal democracy index. Simple correlations with … high levels of democracy are characterized by lower relative inequality. They also have the lowest ratio of the income …
Persistent link: https://www.econbiz.de/10014290692
find that Germans systematically underestimate their true place in the world’s income distribution, but that correcting …
Persistent link: https://www.econbiz.de/10012507321
This paper studies how the political elite uses nationalism as a tool for altering the preferences of the voting public. A model is designed to explain how a change in income inequality motivates political parties to use nationalism. The model concludes that increased income inequality...
Persistent link: https://www.econbiz.de/10012953235