Inequality and Institutions

Alberto Chong and Mark Gradstein

No 4361, Research Department Publications from Inter-American Development Bank, Research Department

Abstract: This paper presents theory and evidence on the relationship between inequality and institutional quality. We propose a model in which the two dynamically reinforce each other and set out to test this relationship with a broad array of institutional measures. We establish double causality between better institutional quality and a more equal distribution of income, but also demonstrate that the link from the latter dominates the former. These results are shown to be robust to various specifications and different data sources that cover various time-spans.

Date: 2004-04
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Citations: View citations in EconPapers (45)

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Related works:
Journal Article: Inequality and Institutions (2007)
Working Paper: Inequality and Institutions (2004)
Working Paper: Inequality and Institutions (2004)
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