Kotschy, Rainer; Sunde, Uwe - In: The Scandinavian Journal of Economics 123 (2021) 1, pp. 295-326
In this paper, motivated by contradictory evidence on the effect of income on democracy, we investigate the hypothesis that it is income shocks – major income fluctuations relative to the trend – rather than marginal year-on-year variation in income levels that lead to non-trivial changes in...