Kotschy, Rainer; Sunde, Uwe - In: The Scandinavian Journal of Economics 123 (2021) 1, pp. 295-326
In this paper, motivated by contradictory evidence on the effect of income on democracy, we investigate the hypothesis … 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 …