premised on the understanding that institutions matter for development. However, there is no straightforward answer to the … question of what exactly 'institutions' are, how they change, or how they can be made to change to become more supportive of an …

We study economies where improving the quality of institutions - modeled as improving contract enforcement - requires … investments lead over time to a progressive reduction in inequality. Finally, the framework we describe enables us to formalize …

phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and … which a positive change of a country's economic institutions can attract inflows of physical capital from abroad, leading to … institutions can lead to substantial divergence in income over time. We derive conditions under which a country receives inflows 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 … such activities, thus exacerbating inequality among a large part of the population. We then survey the existing empirical …

augmented with a heterogeneous agents lobbying game. Model simulations match the dynamics of structural change, inequality, and …

augmented with a heterogeneous agents lobbying game. Model simulations match the dynamics of structural change, inequality, and …

augmented with a heterogeneous agents lobbying game. Model simulations match the dynamics of structural change, inequality, and …