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This paper surveys the theoretical and empirical literature on the effect of economic and political inequality on institutions. The current understanding suggests that unequal societies develop exploitative and inefficient institutions. Empirical research - which is scant, and has mainly...
Persistent link: https://www.econbiz.de/10014199186
The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that of education, inequality, and (natural) resources. We highlight two contrasting effects of education and human capital accumulation. On the one side, education prompts economic...
Persistent link: https://www.econbiz.de/10012963389
The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that of education, inequality, and (natural) resources. We highlight two contrasting effects of education and human capital accumulation. On the one side, education prompts economic...
Persistent link: https://www.econbiz.de/10011587539
Persistent link: https://www.econbiz.de/10001575147
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The argument for democracy over dictatorship is often made on second-best grounds. Given the possibility of self … considers the degree of predation under dictatorship and democracy given varying exit costs. A self-interested dictator will …
Persistent link: https://www.econbiz.de/10014032669
Under dictatorship, trade unions and strikes are illegal, and so wages are low and employment is full. Under democracy … and asset-holders-the latter vote, but supply capital rather than labor. In the move from dictatorship to democracy, the … of CES production functions, it is indeed the case that the democracy-favoring coalition grows with economic development …
Persistent link: https://www.econbiz.de/10014064543
Liquid Democracy is a voting system touted as the golden medium between representative and direct democracy: decisions … information is ambiguous. In both experiments, delegation rates are high, and Liquid Democracy underperforms both universal voting …
Persistent link: https://www.econbiz.de/10014264131