Is inequality harmful for growth? We suggest that it is. To summarize our main argument: in a society where … significant and quantitatively important negative relation between inequality and growth. After a comprehensive sensitivity …

some key marginal districts. This leads to less public goods, less rents for politicians, more redistribution and larger … politicians redistribution, and smaller government. We confront these predictions with cross-country data from around 1990 …

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 …: democracy does not lead to a uniform decline in post-tax inequality, but can result in changes in fiscal redistribution and …

influence or bribe politicians, and when inequality and potential taxes are high (which makes redistribution more valuable to … so, they are effectively accepting a certain amount of politician (presidential) rents in return for redistribution. We …