Artikel
Income Shocks, Inequality, and Democracy
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 the quality of political institutions. Empirical results provide support for this hypothesis, and show how income inequality plays a crucial role in the effects of economic shocks on democracy. In particular, negative income shocks reveal a positive effect on democracy in countries with high inequality, and vice versa.
- Sprache
-
Englisch
- Erschienen in
-
Journal: The Scandinavian Journal of Economics ; ISSN: 1467-9442 ; Volume: 123 ; Year: 2021 ; Issue: 1 ; Pages: 295-326 ; Hoboken, NJ: Wiley
- Klassifikation
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Wirtschaft
- Thema
-
Downturns
democratization
stability of democracy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kotschy, Rainer
Sunde, Uwe
- Ereignis
-
Veröffentlichung
- (wer)
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Wiley
- (wo)
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Hoboken, NJ
- (wann)
-
2021
- DOI
-
doi:10.1111/sjoe.12398
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Kotschy, Rainer
- Sunde, Uwe
- Wiley
Entstanden
- 2021
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