Inequality, Democracy, and Institutions: A Critical Review of Recent Research

Savoia, Antonio; Easaw, Joshy; McKay, Andy

doi:10.1016/j.worlddev.2009.10.009

Cited by 89 publications

(51 citation statements)

References 79 publications

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“…In order to construct an index ranging from zero to one, two methods were considered. The first is calculated as the simple difference between the number of those who answered "tend to trust" minus those who answered "tend to nottrust" as a percentage of the total population interviewed, 12 For a more detailed review of the literature and theoretical implications, see Savoia et al (2010). 13 See note 4.…”

Section: Methodsmentioning

confidence: 99%

Trust in Institutions and Income Inequality in the Eurozone: The Role of the Crisis

Bonasia¹,

Canale²,

Liotti³

et al. 2016

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income distribution, together with standard economic indicators such as unemployment and inflation, in the consolidation of supranational institutions. The empirical analysis also controls for financial market shocks, including domestic bond yields and stock market returns. The additional contribution is to analyze whether the sensitiveness of trust has been strengthened during the recent crisis, associating binary dummies to explanatory variables. The main conclusions can be summarized as follows: a) income inequality negatively affects trust in the EC and the EP in normal times; in crisis times, this relation is strengthened and extended to the ECB for one of the two indexes of trust considered; b) inflation and unemployment significantly affect trust in all European

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Section: Methodsmentioning

confidence: 99%

Trust in Institutions and Income Inequality in the Eurozone: The Role of the Crisis

Bonasia¹,

Canale²,

Liotti³

et al. 2016

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“…This is further confounded by the unique experience of countries such as in Asian region that display low income inequality and low-rating democratic institutions, and in Latin America whose higher-rating democratic institutions are not matched with an improved income distribution (Savoia et al 2010). In general, the empirical findings of the democracy-inequality studies are mixed, divided between mostly negative and no impact, and some results are argued as not robust due to various econometric issues including endogenous of democracy, omitted variable bias, measurement error and unobserved heterogeneity.…”

Section: Inequality and Democracymentioning

confidence: 99%

Economic Freedom and Income Inequality: Does Political Regime Matter?

Ahmad

2017

Economies

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There is a growing literature studying the effects of economic freedom and democracy on income inequality; nevertheless, the inequality-effects of both factors are apparently studied separately. This paper revisits the income inequality-economic freedom nexus and uncovers the role of political regime in explaining the relationship. Using the latest inequality data from Standardized World Income Inequality (SWIID) version 5.0 for a sample of countries up to 115 over 1970-2014 period, and via dynamic panel GMM estimation method, an inequality model that explicitly captures the interaction effect of economic freedom and democracy is estimated. The findings demonstrate that economic freedom has positive effect on income inequality. The estimated size of inequality-increasing effects of economic freedom is substantial, ranging between 0.3% and 0.5% per annum. Nevertheless, the findings show that the freedom-induced inequality is attenuated in the presence of a democratic regime in the countries under study. Furthermore, freedom of international trade and market deregulation are shown to be the two most consistently significant liberalization policies across the baseline estimations and various sensitivity tests. The paper is concluded with some policy implications.

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Section: Understanding Social Inequalitymentioning

confidence: 99%

“…Savoia and colleagues [15] attributed the disparity of wealth to a lack of market economy institutions amongst the nations in the global south. They noted that countries possessing stable market economy institutions experience prosperity, while those that do not experience this stability had increased poverty [15]. As economic imbalance between developed countries and developing countries continue, a significant disparity throughout all regions of the world persists because developing countries have not been allowed to catch up.…”

Section: Understanding Social Inequalitymentioning

confidence: 99%

“…As Table 1 shows, reputable international and domestic agencies committed to ending modern slavery through attention to issues of social inequality and financial insecurity are currently in operation. Combating global inequality has long been perceived as central to the campaign to promote human rights and social betterment throughout the world [2,4,7,15]. Recently, more attention is being given to human trafficking and social inequality [8,22,35,63].…”

Section: Combating Trafficking Through Capacity Buildingmentioning

confidence: 99%

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Socio-Economic Inequality, Human Trafficking, and the Global Slave Trade

2014

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Abstract:The purpose of this paper is to discuss human trafficking within the broader framework of socio-economic inequality. The presence of socio-economic inequality in the world creates a system where those in power very easily dominate and take advantage of those people without power. One of the most serious contemporary effects of inequalities between and within nations is the phenomenon of global sex trade or human trafficking for the purposes of sex. Deriving from unequal power relations, human trafficking is a serious global crime that involves the exploitation of many, but mostly females and children. This paper provides an extensive discussion of inequality and its links with human trafficking as contemporary slavery. In conclusion, the paper provides a list of selected intra-national and multi-national service organizations that are adopting strategies for combating trafficking through the reduction of social and economic inequality. Implications for social welfare advocates and international collaborative efforts are highlighted.

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Inequality, Democracy, and Institutions: A Critical Review of Recent Research

Cited by 89 publications

References 79 publications

Trust in Institutions and Income Inequality in the Eurozone: The Role of the Crisis

Trust in Institutions and Income Inequality in the Eurozone: The Role of the Crisis

Economic Freedom and Income Inequality: Does Political Regime Matter?

Socio-Economic Inequality, Human Trafficking, and the Global Slave Trade

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