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Discussion Paper Details

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Title: Inequality and Institutions

Author(s): Alberto Chong and Mark Gradstein

Publication Date: November 2004

Keyword(s): causality, governance, inequality and institutions

Programme Area(s): Institutions and Economic Performance and Public Economics

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.

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Bibliographic Reference

Chong, A and Gradstein, M. 2004. 'Inequality and Institutions'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=4739