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This paper explores the extent to which episodes of democratization can be explained by variation in income inequality … mis-specified models. Guided by a theoretical nuance of the new economic view of democratization proposed by Acemoglu and … Robinson (2001), our empirical examination considers the possibility that the effect of income inequality on democratization …
Persistent link: https://www.econbiz.de/10010929538
In this paper the political economy of revolutions is revisited, as it has been developed and applied in a number of publications by Acemoglu and Robinson. We criticize the fact that these authors abstract from collective-action problems and focus on inequality of income or wealth instead. In...
Persistent link: https://www.econbiz.de/10010307191
In this paper the political economy of revolutions is revisited, as it has been developed and applied in a number of publications by Acemoglu and Robinson. We criticize the fact that these authors abstract from collective-action problems and focus on inequality of income or wealth instead. In...
Persistent link: https://www.econbiz.de/10009369538
In this paper the political economy of revolutions is revisited, as it has been developed and applied in a number of publications by Acemoglu and Robinson. We criticize the fact that these authors abstract from collective-action problems and focus on inequality of income or wealth instead. In...
Persistent link: https://www.econbiz.de/10010734053
regime changes are often followed by redistribution to the poor at the expense of the former elite. We argue that the reason … why the elite may have to resort to full-scale democratization, despite its apparent costs to themselves, may be that …Regimes controlled by a rich elite often collapse and make way for democracy amidst widespread social unrest. Such …
Persistent link: https://www.econbiz.de/10005666486
In this paper, we create alternative measures of political instability, which capture movements only from dictatorship to democracy and vice versa (consistent with the recent theoretical work by Acemoglu and Robinson) but, unlike older, well known measures do not capture government changes that...
Persistent link: https://www.econbiz.de/10014064089
Persistent link: https://www.econbiz.de/10012259664
We conduct a laboratory experiment to study how demand for redistribution of income depends on self-interest, insurance … is affected by redistribution. We estimate utility weights for the different sources of demand for redistribution, with …
Persistent link: https://www.econbiz.de/10009781859
This paper studies the origin of Piketty's inequality between the profit rate (r) and the growth rate of the national income (g) by focusing on the growth rate (gamma) of the r⁄g ratio in an economy that grows gradually along a succession of production cycles. It is shown that, given a...
Persistent link: https://www.econbiz.de/10012894463
redistribution. Estimating a DSGE model with microdata on the support for redistribution, I find that if voters disregarded their … ideological views on welfare policies, redistribution in the US would increase 117%. Because ideology is a more important … on redistribution. Among the drivers of ideology, I find that racial animosity and distrust of the government contributes …
Persistent link: https://www.econbiz.de/10013393544