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.
- Language
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Englisch
- Bibliographic citation
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Journal: The Scandinavian Journal of Economics ; ISSN: 1467-9442 ; Volume: 123 ; Year: 2021 ; Issue: 1 ; Pages: 295-326 ; Hoboken, NJ: Wiley
- Classification
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Wirtschaft
- Subject
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Downturns
democratization
stability of democracy
- Event
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Geistige Schöpfung
- (who)
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Kotschy, Rainer
Sunde, Uwe
- Event
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Veröffentlichung
- (who)
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Wiley
- (where)
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Hoboken, NJ
- (when)
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2021
- DOI
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doi:10.1111/sjoe.12398
- Handle
- Last update
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10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Kotschy, Rainer
- Sunde, Uwe
- Wiley
Time of origin
- 2021
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