This paper is dedicated to the relation between market development and democracy. We distinguish contexts and … preferences and ask whether it is true that the demand for democracy only emerges after a certain degree of market development is … strategy consists in relying on the specific situation of frontier-zones. We find that democracy enhances the support for …

investment expensing brings about sizeable output gains and a nontrivial increase in after-tax income inequality. However, it …

save dynastically and middle income households who save for retirement. We find that inequality is reduced the higher the … efficiency and inequality: middle income households' consumption is maximal at a higher capital tax rate than high income …

This paper studies the impact of the Protestant Reformation on wealth distribution and inequality in confessionally … insiders only. This gave Protestantism an ambiguous character in terms of redistribution and its impact on inequality. I … framework, I document that the Reformation exacerbated inequality overall, by making marginal poor people relatively poorer. The …

quality of democracy. However, there is a non-negligible share of democracies that implement a minority-backed amount of …