Institutional persistence, income inequality, and individual attitudes
Aspects of institutional quality vary substantially across countries, but are quite persistent over time. Further, institutional quality is correlated with income inequality, even among democracies. To account for these regularities, we offer a model where individual attitudes, toward inequality or...
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| Veröffentlicht in: | Journal of economic inequality 2019-09, Vol.17 (3), p.401-413 |
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| container_title | Journal of economic inequality |
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| creator | Chong, Alberto Gradstein, Mark |
| description | Aspects of institutional quality vary substantially across countries, but are quite persistent over time. Further, institutional quality is correlated with income inequality, even among democracies. To account for these regularities, we offer a model where individual attitudes, toward inequality or trust in government, feature in voters’ preferences. The model displays path dependence, whereby inequality and institutional quality feed each other. It is suggested that this may explain the long shadow of historical legacies of postcolonial experiences. Simple correlations of reported attitudes using data from the World Values Surveys are consistent with the model. |
| doi_str_mv | 10.1007/s10888-019-09414-w |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1569-1721 |
| ispartof | Journal of economic inequality, 2019-09, Vol.17 (3), p.401-413 |
| issn | 1569-1721 1573-8701 |
| language | eng |
| recordid | cdi_proquest_journals_2228415121 |
| source | Business Source Complete; SpringerLink Journals (MCLS) |
| subjects | Analysis Democracy Development Economics Economic Growth Economics Economics and Finance Income distribution Income inequality International Economics Personal income Political Science Public Finance |
| title | Institutional persistence, income inequality, and individual attitudes |
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