While standard political economy theories suggest a moderating effect of democratization on income inequality … first, that prevailing ideology may be an important determinant of inequality and, second, that the democratization effect … income groups, hence democratization may have only a negligible effect on inequality. On the other hand, in societies where …

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 richer segments of the population; when it caters to the preferences of …

This paper empirically assesses how democratization affects real exchange rates. By doing this, we combine so far … separated strands of the economic literature and argue that democratization reduces currency undervaluation leading to a real … and significant finding: democratization causes real exchange rates to appreciate. Consequently, the ongoing process of …

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 richer segments of the population; when it caters to the preferences of …

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 richer segments of the population; when it caters to the preferences of …

economic growth. We delve into numerous historical sources and democracy indicators to identify the countries and timing of … recent democratization episodes. We then employ a before-after event study approach and analyze the impact of democratization … to previous studies, we primarily explore the within country effect of a permanent democratization, controlling for time …