000			01964nab a2200241 c 4500
999			_c148299 _d148299
003			ES-MaIEF
005			20231009181742.0
007			ta
008			231009t2023 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100			_964795 _aBagchi, Sutirtha
245		0	_aWealth inequality and democracy _c Sutirtha Bagchi, Matthew J. Fagerstrom
500			_aResumen.
504			_aBibliografía.
520			_aScholars have studied the relationship between land inequality, income inequality, and democracy extensively, but have reached contradictory conclusions that have resulted from competing theories and methodologies. However, despite its importance, the effects of wealth inequality on democracy have not been examined empirically. We use a panel dataset of billionaire wealth from 1987 to 2012 to determine the impact of wealth inequality on the level of democracy. We measure democracy using Polity scores, Varieties of Democracy (V-Dem) indices, and the continuous Machine Learning index. We find limited empirical support for the hypothesis that overall wealth inequality or inherited wealth inequality has an impact on democracy. However, we find evidence that politically connected wealth inequality lowers V-Dem and Machine Learning democracy scores. Following Boix (Democracy and redistribution, Cambridge University Press, New York, 2003), we investigate the hypothesis that capital mobility moderates the relationship between wealth inequality and democracy and find evidence that increased capital mobility mitigates the negative impact of politically connected wealth inequality on democracy.
650			_aRIQUEZA _944024
650			_aDESIGUALDAD _942588
650		4	_947812 _aMOVIMIENTO DE CAPITALES
650		4	_aDEMOCRACIA _941808
700	1		_971054 _aFagerstrom, Matthew J.
773	0		_9169944 _oOP 1443/2023/196/1/2 _tPublic Choice _w(IEF)124378 _x 0048-5829 _g v. 197, n. 1-2, October 2023, p. 89-136
942			_cART