Ticchi, Davide; Vindigni, Andrea - Institute for the Study of Labor (IZA) - 2008
aftermath of major wars. Motivated by this fact, we offer a theory of political transitions which focuses on the impact of … through the extension of franchise. This is because democracy always implements a highly redistributive fiscal policy, which … makes fighting hard incentive-compatible for the citizens-soldiers. We show that a transition to democracy is more likely to …