Abstract
The aim of this paper is to provide comprehensive empirical evidence on recent theories that link democracy and income inequality for the period 1960-1997. In simple cross-country regressions I find a non-monotonic link between democracy and inequality when using ordinary least squares, instrumental variables, and Eusufzai tests. I also employ dynamic panel data techniques, which control for potential simultaneity and heterogeneity problems. I also find support for the existence of a political Kuznets curve. Moreover, it appears that income inequality is unconditionally persistent. Results are robust to different democracy proxies when sensitivity analysis is applied.
| Original language | English |
|---|---|
| Pages (from-to) | 189-212 |
| Number of pages | 24 |
| Journal | Economics and Politics |
| Volume | 16 |
| Issue number | 2 |
| DOIs | |
| State | Published - 1 Jul 2004 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 10 Reduced Inequalities
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