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inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital … speaking reflecting inequality) has somewhat interesting effects along the transitional path towards balanced growth. Hereby … benchmark, mutatis mutandis. In the end, full convergence is established, from a pure democracy ruled through the de jure power …
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Greater democracy increases the voice of the people, creating political contestation and participation, and leading to … pro-labor institutional changes, higher wages and lower inequality. Political voice may therefore have a redistributive … effect that is independent of redistribution through public finances. Using data from Britain and Ireland during a time when …
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between other measures of democracy, based on civil liberties and political rights, and inequality. The transition experience … appears to have caused a high degree of economic inequality, and democratization in the form of franchise expansion has … typically led to an expansion in redistribution, at least in the small sample of episodes studied. Similarly, and more …
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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 …: democracy does not lead to a uniform decline in post-tax inequality, but can result in changes in fiscal redistribution and …
Persistent link: https://www.econbiz.de/10014025324
deleterious effects of income and wealth inequality. The article analyses his arguments carefully because they give Marxists an … the driving forces of the capitalist economy and the undemocratic implications of widening inequality. This article will … argue that although his critique acknowledges the structural inequality of power between workers and capitalists upon which …
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