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In this paper we study the endogenous determination of minimum wage employing a political-economic game-theoretic approach. A major objective of the paper is to clarify the crucial role of the strength of the workers' union and of political culture on the determination of the minimum wage. In...
Persistent link: https://www.econbiz.de/10005497998
Over the last two centuries, many countries experienced regime transitions toward democracy. We document this … democratic transition over a long time horizon. We use historical time series of income, education and democracy levels from 1870 … to 2000 to explore the economic factors associated with rising levels of democracy. We find that primary schooling, and …
Persistent link: https://www.econbiz.de/10009320398
there exists a distribution of resources such that democracy emerges in equilibrium, but there are distributions of … resources for which democracy is infeasible in equilibrium irrespective of the level of development. The model also delivers … results on the stability of democracy with regard to changes in the economic and demographic environment. The results are …
Persistent link: https://www.econbiz.de/10009493564
evaluate separately the impact of political institutions linked to democracy and suffrage and of those institutions more …
Persistent link: https://www.econbiz.de/10005124196
public schooling. We develop a theory which integrates private education and fertility decisions with voting on public … theory are consistent with state-level and micro data from the United States as well as cross-country evidence from the PISA …
Persistent link: https://www.econbiz.de/10005124295
We use a sample of 147 countries to investigate the link between democracy and reforms. Democracy may be conducive to … but bring future prosperity. We test these hypotheses, using data on micro-economic reforms from the World Bank’s Doing … institutions. The results provide a robust support for the claim that democracy is good for growth-enhancing reforms. …
Persistent link: https://www.econbiz.de/10005124381
parametric estimates may have seriously underestimated the growth effects of democracy. In particular, we find an average … negative effect on growth of leaving democracy on the order of -2 percentage points implying effects on income per capita as …
Persistent link: https://www.econbiz.de/10005124474
selectorate in specific instances of successful autocracy. We also show that, consistent with the theory, leadership turnover in …
Persistent link: https://www.econbiz.de/10005136611
We develop a theory of interstate conflict in which the degree of genealogical relatedness between populations has a … that affect conflict, including measures of trade and democracy. …
Persistent link: https://www.econbiz.de/10005061475
, however, which can explain why this redistribution often takes an inefficient form. In this paper we develop a theory of why …
Persistent link: https://www.econbiz.de/10005067380