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 richer segments of the population; when it caters to the preferences of …

We construct a model of revolution and transition to democracy under individualistic and collectivist cultures. The … culture are more likely to end up adopting democracy earlier than countries with a collectivist culture. Our empirical … democracy, even after controlling for other determinants of democracy emphasized in the literature. We provide evidence that …

and surveys, we show that individuals with longer exposure to democracy display stronger support for democratic … and focusing on immigrants' exposure to democracy before migration. In all cases, the timing and nature of the effects are …

-specific characteristics such as the level of political freedom are taken into account. Political freedom is shown to explain terrorism, but it … does so in a non-monotonic way: countries in some intermediate range of political freedom are shown to be more prone to … terrorism than countries with high levels of political freedom or countries with highly authoritarian regimes. This result …

of democracy (rather than democracy vs. non-democracy) has important consequences for the adoption of structural polices … opposed to majoritarian) and permanent (as opposed to temporary) democracy appear to produce the most growth …

difference in the structural variances in these two sub-samples to gain identification. We find that democracy and the rule of … a negative impact on income levels and democracy, but a positive effect on rule of law. Higher income produces greater … openness and better institutions, but these effects are not very strong. Rule of law and democracy tend to be mutually …

We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies … on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country … fixed effects and the rich dynamics of GDP, which otherwise confound the effect of democracy on economic growth. Our …

than is that of other country pairs only after World War II. Before 1914 and between the World Wars, there is no difference …

puzzle in standard economic models. To study this phenomenon, we propose a positive theory of IEAs in which the political … (might not be implemented in full). The theory also provides a new perspective for understanding investments in green …