Numerous studies document a positive correlation between inflation and income inequality. I show that this correlation has reversed, most notably in the European economies. More generally, the sign of the correlation depends on the time period and sample of countries. In the literature on the...

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 to be realized when democracy is captured by the...