DEBATING DEMOCRACY. The Effect of Chile’s Democratization on Income Inequality, a Synthetic Control Approach.
How does democracy affect income inequality? Most would expect democracy to reduce income inequality. There is a general consensus that indeed democratizations in Europe during the nineteenth and early twentieth century did decrease income inequality. More recent democratizations, those countries that democratized during the 1970s-1990s, however, do not seem to have had the same effect. The body o
