Inequality and Institutions

Mark Gradstein and Alberto Chong

No 4739, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This Paper presents theory and evidence on the relationship between inequality and institutional quality. We exhibit a model in which the two dynamically reinforce each other and set to test this relationship with a broad array of institutional measures. We establish the double causality between institutional strength and a more equal distribution of income and show its robustness to different data sources that cover various time-spans and to changes in specification.

Keywords: Inequality; Institutions; Governance; Causality (search for similar items in EconPapers)
JEL-codes: D70 O15 O17 (search for similar items in EconPapers)
Date: 2004-11
New Economics Papers: this item is included in nep-dev and nep-pke
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Citations: View citations in EconPapers (63)

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Related works:
Working Paper: Inequality and Institutions (2004)
Working Paper: Inequality and Institutions (2004)
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