We study the opportunistic political budget cycle in the London Metropolitan Boroughs between 1902 and 1937 under two different suffrage regimes: taxpayer suffrage (1902-1914) and universal suffrage (1921-1937). We argue and find supporting evidence that the political budget cycle operates...

In this this paper we combine economic factors that have strong trends and political factors that are stationary in a dynamic, empirical model of the evolution of public policy over a very long period in a stable democracy. The role of variation in the intensity of political competition is the...

The introduction of income taxation was a landmark in the development of the fiscal state in Western Europe and elsewhere. This paper presents an event history study of the adoption of the income tax in 11 Western European countries between 1815 and 1941. We find evidence that social learning,...

This paper suggests a new approach to analyze the causes of franchise extension. Based on a new dataset, it provides a detailed econometric study of the Great Reform Act of 1832 in the United Kingdom. The econometric analysis yields four main results. First, modernization theory only receives...

This paper studies how human capital affects agents' tendency to participate in revolutions and consequently political outcomes. We show that since human capital is not expropriatable in the way land or other assets are, revolutions are more attractive if human capital is an important source of...