paper seeks to address this gap by examining the impact of income inequality on democracy, focusing particularly on the … influential theory proposed by Acemoglu and Robinson, which predicts an inverted U-shaped relationship between inequality and … democracy. Combining democracy indicators from the V-Dem Project with inequality data from the World Income Inequality Dataset …

's credit decisions affect their future income. We use the bank's cutoff rule, which is based on the applicants' credit scores … acceptance increases recipients' income five years later by more than 10 percent compared to denied applicants. This effect is …