through which institutions influence aggregate savings and economic development. Whereas research in the field of savings … decisions concentrates largely on the level of the individual, the literature on institutions and growth as well as on aggregate … reasoning, arguing that institutions may influence the individual savings decision as well as national savings in aggregate …

This paper studies the distributive impact of institutional change in developing countries. In such economies, property … suggest that: (a) increasing property rights protection increases income inequality; (b) this effect is larger in low …-democracy environments; (c) some countries have developed political institutions capable of counterbalancing this effect. Copyright Springer …

-protection rules. We thus highlight the crucial role of democratic institutions for economic development. Copyright Springer Science …

Different institutions can produce more (or less) preferred outcomes, in terms of citizens’ preferences. Consequently …, citizen preferences over institutions may “inherit”—to use William Riker’s term—the features of preferences over outcomes. But …