-2000 period. Our main conclusion is that race, rather than political institutions and education policies, is the main force …

for analysing and evaluating both macroeconomic policy and the development of policy-making institutions to put each of … basis of both the development of economic institutions and performance, our overall ranking is Czech Republic, Slovakia …

, we find that the legacy of slavery does not affect current income per capita, but does affect current income inequality …. Moreover, we find that the impact of slavery on current income inequality is determined by racial inequality. We test three … alternative channels of transmission between slavery and inequality: a land inequality theory, a racial discrimination theory and …

by 1998. Growth remained high in the subsequent decade, and the government debt ratio was reduced by almost 50 percent of … have limited applicability for the current debt crisis, in particular because currency depreciation in combination with … reduction in the public debt ratio after 1997. …

. According to our preferred interpretation, these events provide evidence that, under weak institutions, popular mobilization and …

Institutions that serve the interests of an elite are often cited as an important reason for poor economic performance …. This paper builds a model of institutions that allocate resources and power to maximize the payoff of an elite, but where … any group that exerts sufficient fighting effort can launch a rebellion that destroys the existing institutions. The …

. Active pre-1800 parliaments also enhanced the quality of democratic institutions in the nineteenth and early twentieth …

are low, which induces little automation, such that income inequality and labor's share of GDP are constant. Second, as …. This model therefore delivers persistently increasing wage inequality and stagnating real wages for low skill workers for … polarization after one where labor income inequality increases uniformly. Finally, we show that an endogenous labor supply response …