While Korea's compressed development has enriched and bolstered the economy, the social system still leaves much to be desired. The reason for this shortcoming lies within a short history of capitalism and growth-oriented policies that sacrifice distribution. The end of Korea's accelerated...

While Korea's compressed development has enriched and bolstered the economy, the social system still leaves much to be desired. The reason for this shortcoming lies within a short history of capitalism and growth-oriented policies that sacrifice distribution. The end of Korea's accelerated...

Dal Bó, Foster and Putterman (2010) show experimentally that the effect of a policy may be greater when it is democratically selected than when it is exogenously imposed. In this paper we propose a new and simpler identification strategy to measure this democracy effect. We derive the...