A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … inequality from Forbes magazine's listing of billionaires and compare its effect on growth to the effects of income inequality … and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …

This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980–2014 show that democracy had a robust positive impact on economic …

inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with …Using cross-country data, we find evidence for a significant negative interaction effect between democracy and … institutions of higher quality when inequality is lower …

actual income inequality. Using several unique measures of progressivity over the 1981-2005 period for a large panel of … countries, we find that progressivity reduces inequality in observed income, but has a significantly smaller impact on actual … inequality, approximated by consumption-based GINIs. We show empirically that the differential effect on observed vs. actual …

regressions of current economic outcomes on parliamentary systems of government show no effects. Robustness checks suggest that …