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Using illustrations from research on inequality, this paper offers evidence on the strengths of 'behavioural synthesis', i.e. the reconciliation between neoclassical and behavioural economics. We compare how theoretical models of absolute and relative inequality have evolved from assumptions of...
Persistent link: https://www.econbiz.de/10012509292
Better understanding of inequality, including its relationship to governance and other key outcomes, is relevant both to academic researchers and to policy-makers. Nevertheless, efforts to establish causal relationships empirically remain hampered by the quality and availability of data,...
Persistent link: https://www.econbiz.de/10014555740
This paper employs k-means clustering, a multidimensional pattern recognition method, to categorize countries using information from five Varieties of Democracy indices. K-means country clusters are similar but not entirely identical to both k-medians clusters and arbitrary groups formed using...
Persistent link: https://www.econbiz.de/10014290692
The relationship between economic development, inequality, and democratization has long been debated in the literature. Yet empirical analyses of this interplay have been limited and have yielded overall mixed and inconsistent results. This paper seeks to address this gap by examining the impact...
Persistent link: https://www.econbiz.de/10015404295