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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 … suggesting that inequality tends to increase after democratization when the economy has already undergone significant structural …
Persistent link: https://www.econbiz.de/10013071803
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 … suggesting that inequality tends to increase after democratization when the economy has already undergone significant structural …
Persistent link: https://www.econbiz.de/10014025324
Persistent link: https://www.econbiz.de/10009691372
have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …
Persistent link: https://www.econbiz.de/10009629705
have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …
Persistent link: https://www.econbiz.de/10013099915
have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …
Persistent link: https://www.econbiz.de/10009630635
This study examines the relationships between democratic politics and systematic (or country-specific) financial risk. Low financial risk is crucial to any well-functioning economy, as it encourages capital investment, facilitates growth, and enhances overall economic performance. Up until now,...
Persistent link: https://www.econbiz.de/10014218171
. The standard theory assumes that more unequal income distribution will create a majority for more redistribution (Meltzer …
Persistent link: https://www.econbiz.de/10011399685
. The standard theory assumes that more unequal income distribution will create a majority for more redistribution (Meltzer …
Persistent link: https://www.econbiz.de/10013320844
on how risk exposure and income are related to preferences for redistribution. To test our hypotheses, we extract … turn our attention to the supply side of government redistribution. Institutions, we argue, mediate governments' reactions …
Persistent link: https://www.econbiz.de/10014027617