Investigating how lending programs of the International Monetary Fund (IMF) affect poverty and inequality, we explicitly address model uncertainty. We control for endogenous selection into IMF programs using data on 86 low- and middle income countries for the 1982-2009 period and analyze program...

We study empirically the role of education, age structure and other socioeconomic factors as a determinant of the transition to stable democratic regimes. Our findings suggest that educational improvements (in particular in primary education) and policies towards reducing inequalities in...