-market aspirations - and forces the elite to expand redistribution. Along the lines of this trade-off, our theory provides a Lipsetian …The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that … of education, inequality, and (natural) resources. We highlight two contrasting effects of education and human capital …

Within the fundamental determinants of cross-country income inequality, ‘humanly devised' political institutions … inequality explainable by differences in political institutions, we decompose annual cross-country Gini coefficients for 95 … countries (representing 85 percent of the world population) from 1960-2012. Since 1988, inequality has marginally decreased …

. Individuals’ choices of educational content are often shaped by the political economy of government policies that determine the … equilibrium outcome of private decisions and government policy choices. We then illustrate these dynamics in two historical …

inequality and widening gaps between rich and poor, and urban and rural. It is therefore it is important to examine the … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income …, inequality and growth bear a non-linear relationship: for low values of inequality, economic growth rate is an inverted U …

, growth and social mobility than under political regimes supported by the rich; pre-tax inequality is greater in the former …

We present a novel approach for measuring democracy based on Support Vector Machines, a mathematical algorithm for … pattern recognition. The Support Vector Machines Democracy Index (SVMDI) is continuously on the 0-1-interval and enables a … very detailed measurement of democracy for 188 countries between 1981 and 2011. Application of the SVMDI highlights a …

diversity on economic inequality within a society …