Inequality and Institutions

Alberto Chong; Mark Gradstein

doi:10.1162/rest.89.3.454

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Inequality and Institutions

Alberto Chong¹; Mark Gradstein²

¹ Inter-American Development Bank · ² Center for Economic and Policy Research

The Review of Economics and Statistics 2007

This paper presents theory and evidence on the relationship between inequality and institutional quality. We exhibit a model in which the two may dynamically reinforce each other and set to test this relationship with a broad array of institutional measures. The double causality between institutional strength and a more equal distribution of income is empirically established using dynamic panel and linear feedback analysis.

DOI: 10.1162/rest.89.3.454
Volume: 89 (3)
Pages: 454-465
Language: en
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