Long-Run Effects of Democracy on Income Inequality : Evidence from Repeated Cross-Sections

• Tác giả: Carlos Felipe Balcazar
• Ngôn ngữ: eng
• Ký hiệu phân loại: 339.22 Distribution of aggregate personal income and wealth
• Thông tin xuất bản: World Bank Group, Washington, DC, 2015
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 298957
• Chủ đề: 1. ABSOLUTE VALUE; 2. ACCESS TO EDUCATION; 3. ACCOUNTING; 4. ARMED CONFLICT; 5. BARGAINING

Tóm tắt

This paper assesses the link between democracy and inequality. Inequality is measured at the cohort level with pseudo-panel data built from nine Latin American countries' household surveys (1995-2009, biannual). Democracy is measured as a stock during long periods of time both before and after each cohort's year of birth. The paper presents evidence that long-run historical patterns in the degree of democracy relate to income inequality. However, this relationship is non-monotonic: inequality first increases with the stock of democracy before falling. The paper also presents evidence that education may be a mechanism explaining this result.