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 … suggesting that inequality tends to increase after democratization when the economy has already undergone significant structural …

This paper presents a tractable and parsimonious theory of political revolutions in societies devoid of democratic … limited resources, policies benefiting the elite confer disutility to workers, and vice versa. Workers and elites face a …

have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …

have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …

have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …

price shock can push the country into a situation where the elite face a commitment problem that only democratization can …This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the … threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world …

considered. Under certain circumstances, a process of full democratization is argued not to represent an optimal choice for the …